This story is from June 5, 2020

Telangana gets Rs 522 crore GST share from Centre

Telangana on Thursday received Rs 522 crore towards GST compensation from the Centre.
Telangana gets Rs 522 crore GST share from Centre
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HYDERABAD: Telangana on Thursday received Rs 522 crore towards GST compensation from the Centre.
The Centre had released Rs 36,400 crore as fresh instalment to all the states towards GST compensation.
Till now, Telangana has recived Rs 2,874 crore towards GST compensation for the year 2019-20 from the Centre.
In April, the state got Rs 269 crore towards its share of GST compensation.
Thursday’s compensation could not have come at a better time when Telangana is battling poor revenues and dip in finances due to Covid-19 pandemic and extended lockdown.
The amount of Rs 522 crore is the sixth instalment the state had recieved.
In the previous instalments, Telangana had recieved Rs 269 crore, Rs 175 crore, Rs 700 crore, Rs 1,036 crore and Rs 352 crore respectively.
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