Union Finance Minister Nirmala Sitharaman on Saturday said the entire pending dues for the GST compensation cess to the states will be cleared as of today. “Till May 31, we have already cleared GST compensation,” the Finance Minister added.

Sitharaman said the entire pending balance of the GST compensation cess—a total of Rs 16,982 crore—will be cleared and “although this amount is not available with the compensation fund as of today, we have decided to release from our own resources and the same amount will be recouped from the future compensation cess collection”.