Compensation cess of Rs 20,000 crore to be distributed to states tonight, Says Nirmala Sitharaman

08:50:00 PM, Monday 5th of October 2020 | in business

Several decisions were taken at the 42nd meeting of GST Council held on Monday with Finance Minister Nirmala Sitharaman stating that compensation cess collected this year amounting to about Rs 20,000 crore will get disbursed to all states by tonight. Briefing reporters after the GST meeting, she said the GST Council has taken up the long-pending issue of Integrated Goods and Services Tax.