https://www.taxtmi.com/news?id=25365 The GST compensation regime requires payments to States from a compensation fund financed by a designated compensation cess; all compensation is paid from the fund. Centre provided back to back loans to States to meet COVID related shortfalls and, after these measures and cess receipts, reports earlier year compensation fully released while a residual shortfall equivalent to four months remains for the current year, to be released as cess accrues. The normal release pattern is ten months within the year and the remaining two months in the next financial year. en-us Thu, 28 Apr 2022 09:28:16 +0530 Thu, 28 Apr 2022 09:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25365 The GST compensation regime requires payments to States from a compensation fund financed by a designated compensation cess; all compensation is paid from the fund. Centre provided back to back loans to States to meet COVID related shortfalls and, after these measures and cess receipts, reports earlier year compensation fully released while a residual shortfall equivalent to four months remains for the current year, to be released as cess accrues. The normal release pattern is ten months within the year and the remaining two months in the next financial year. News - Thu, 28 Apr 2022 09:28:16 +0530 https://www.taxtmi.com/news?id=25365