Finance ministry releases 10th instalment of GST compensation to states

Finance Ministry on Monday released the 10th weekly instalment of Rs.6,000 crore to the States to meet the GST compensation shortfall.

Out of this, an amount of Rs.5,516.60 crore has been released to 23 States and an amount of Rs.483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir and Puducherry) who are members of the GST Council.

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The remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation. Now, more than 50 percent of the estimated GST compensation shortfall has been released to the States and UT with Legislative Assembly.

The Government of India had set up a special borrowing window in October, 2020 to meet the estimated shortfall of Rs.1.10 lakh crore in revenue arising on account of implementation of GST.

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The borrowings are being done through this window by the Government of India on behalf of the States and UTs.

Statewise additional borrowing of 0.50 percent of GSDP allowed and amount of funds raised through special window passed on to the States/UTs till January 4

S. No.	Name of State / UT	Additional borrowing of 0.50 percent allowed to States	Amount of fund raised through special window passed on to the States/ UTs
1	Andhra Pradesh	5051	1433.25
2	Arunachal Pradesh*	143	0.00
3	Assam	1869	616.72
4	Bihar	3231	2421.54
5	Chhattisgarh	1792	846.30
6	Goa	446	520.85
7	Gujarat	8704	5719.15
8	Haryana	4293	2699.05
9	Himachal Pradesh	877	1064.87
10	Jharkhand	1765	459.75
11	Karnataka	9018	7694.69
12	Kerala	4,522	1897.80
13	Madhya Pradesh	4746	2816.91
14	Maharashtra	15394	7428.29
15	Manipur*	151	0.00
16	Meghalaya	194	69.39
17	Mizoram*	132	0.00
18	Nagaland*	157	0.00
19	Odisha	2858	2370.37
20	Punjab	3033	2751.20
21	Rajasthan	5462	2160.37
22	Sikkim*	156	0.00
23	Tamil Nadu	9627	3870.80
24	Telangana	5017	947.73
25	Tripura	297	140.40
26	Uttar Pradesh	9703	3725.41
27	Uttarakhand	1405	1436.55
28	West Bengal	6787	1458.37
	Total (A):	106830	54549.76
1	Delhi	Not applicable	3637.32
2	Jammu & Kashmir	Not applicable	1408.98
3	Puducherry	Not applicable	403.94
	Total (B):	Not applicable	5450.24
	Grand Total (A+B)	106830	60000.00

 

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