Finance Ministry releases 13th weekly instalment of Rs 6,000 crore to states to meet GST shortfall

GST implementation: The Ministry of Finance on Monday released the 13th weekly installment 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 & 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.

Till now, 70 percent of the total estimated GST compensation shortfall has been released to the States and UTs with Legislative Assembly. Out of this, an amount of Rs. 71,099.56 crore has been released to the States and an amount of Rs. 6,900.44 crore has been released to the 3 UTs with Legislative Assembly.

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The amount has been borrowed this week at an interest rate of 5.3083 percent. So far, an amount of Rs. 78,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7491 percent.

State-wise additional borrowing of 0.50 percent of GSDP allowed and the amount of funds raised through a special window passed on to the States/UTs till January 18, 2021.

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	1810.71
2	Arunachal Pradesh*	143	0.00
3	Assam	1869	779.08
4	Bihar	3231	3059.34
5	Chhattisgarh	1792	1354.08
6	Goa	446	658.04
7	Gujarat	8704	7225.36
8	Haryana	4293	3409.84
9	Himachal Pradesh	877	1345.31
10	Jharkhand	1765	735.60
11	Karnataka	9018	9721.07
12	Kerala	4,522	2839.56
13	Madhya Pradesh	4746	3558.75
14	Maharashtra	15394	9384.47
15	Manipur*	151	0.00
16	Meghalaya	194	87.69
17	Mizoram*	132	0.00
18	Nagaland*	157	0.00
19	Odisha	2858	2994.61
20	Punjab	3033	4116.44
21	Rajasthan	5462	2912.32
22	Sikkim*	156	0.00
23	Tamil Nadu	9627	4890.14
24	Telangana	5017	1336.44
25	Tripura	297	177.30
26	Uttar Pradesh	9703	4706.53
27	Uttarakhand	1405	1814.82
28	West Bengal	6787	2182.06
	Total (A):	106830	71099.56
1	Delhi	Not applicable	4595.25
2	Jammu & Kashmir	Not applicable	1780.05
3	Puducherry	Not applicable	525.14
	Total (B):	Not applicable	6900.44
	Grand Total (A+B)	106830	78000.00

 

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