The Finance Ministry, on 15th July released Rs 75000 crore to the States and Union Territories for:

The correct answer is option 2, i.e, Compensating them for the shortfall in revenue due to the implementation of GST.

Key Points

The Finance Ministry, on 15th July, released Rs 75000 crore to the States and Union Territories to Compensate them for the shortfall in revenue due to the implementation of GST. 

Additional Information

•  The goods and services tax (GST) is a tax on goods and services sold domestically for consumption.
• The tax is included in the final price and paid by consumers at point of sale and passed to the government by the seller.