https://www.taxtmi.com/news?id=24223 Frontloaded disbursement to States and UTs with Legislature has been made under a back-to-back loan facility to address the GST compensation shortfall. The Central Government has borrowed in marketable securities of distinct tenors and yields and passed those funds to recipients on matching tenors, supplementing regular compensation releases from cess collections. All eligible recipients agreed to the arrangement; the instalmentary release supports near-term fiscal management, capital expenditure and COVID-19 related public health measures, with the remaining balance to be released in the second half of the financial year. en-us Thu, 15 Jul 2021 18:31:16 +0530 Thu, 15 Jul 2021 18:31:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24223 Frontloaded disbursement to States and UTs with Legislature has been made under a back-to-back loan facility to address the GST compensation shortfall. The Central Government has borrowed in marketable securities of distinct tenors and yields and passed those funds to recipients on matching tenors, supplementing regular compensation releases from cess collections. All eligible recipients agreed to the arrangement; the instalmentary release supports near-term fiscal management, capital expenditure and COVID-19 related public health measures, with the remaining balance to be released in the second half of the financial year. News - Thu, 15 Jul 2021 18:31:16 +0530 https://www.taxtmi.com/news?id=24223