Centre to release Rs 20,000cr cess to states: FM

Union finance minister Nirmala Sitharaman on Monday said that Rs 20K crore compensation cess will be disbursed to the states. Compensation cess is given by the Centre to states for revenue losses. After the 42nd GST Council meet, the minister stated that this year's cess amount will be disbursed tonight. The GST Council has approved to extend the cess (surcharge) beyond 5 years.