Srinagar, Sept. 20 -- Centre has opened its purse strings and paid more than Rs 2000 crore to Jammu and Kashmir government as Goods and Service Tax (GST) compensation after the union territory recorded a shortfall in the revenue collection due to the Covid-19 pandemic.
Jammu and Kashmir is one of the most affected states and union territories due to COVID. There has been a dip of more than 25 percent in the GST collection so far.
Against nearly Rs1700 crore last year in the first quarter, Jammu and Kashmir has realized Rs 1,169 crore GST this year (April-August).
To compensate the shortfall, the Centre released Rs 2104 crores for Jammu and Kashmir.
This is much higher than Himachal Pradesh, Puducherry and Goa, which received Rs 1623, 56...