A day ahead of his meeting with state finance ministers, Union Finance Minister Arun Jaitley on Wednesday said the government will soon release Rs 11,000 crore towards Central Sales Tax (CST) compensation, as part of consensus building for GST rollout.
"...Despite difficult and challenging situation, I propose to release about Rs 11,000 crore, which is one-third, this year as a part payment as a CST compensation to the states," he said replying to a debate on Supplementary Demand for Grants in the lok Sabha. CST compensation is one sticky issue that has been holding up agreement on introduction of the Goods and Services Tax (GST) regime to replace all indirect taxes.