Jammu Kashmir’s GST Compensation Reaches Rs 14427 Cr in Five Years

SRINAGAR : Jammu and Kashmir has received more than Rs 14,000 crore in GST compensation over five financial years, the Union Finance Ministry informed the Lok Sabha on Monday, placing the Union Territory among the significant beneficiaries of the compensation mechanism that operated from 2017-18 to 2022-23. The government said that the figures were part of a wider national disbursal aimed at protecting states and Union Territories from revenue shortfalls after the introduction of GST. Follow Us On G -N e w s | Whatsapp

According to the Ministry’s reply, Jammu and Kashmir received a cumulative Rs 14,427 crore in compensation across the period, beginning with Rs 1,053 crore in 2017-18 and rising to over Rs 4,000 crore annually in the later years. According to the fig