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Finance ministry releases 10th instalment of GST compensation to states

Written by  Rajan Nath -- January 04th 2021 09:03 PM -- Updated: January 04th 2021 09:09 PM
Finance ministry releases 10th instalment of GST compensation to states

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. Also Read | Covaxin demonstrates benefits of Atmanirbhar Bharat to others: Venkaiah Naidu GST compensation: GST compensation to states pending for Dec-March FY20, Auto News, ET Auto 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. Also Read | Coronavirus Vaccine in India: SII announces COVID vaccine cost for Govt. and Public No GST refunds for foreigners as of now: Finance Ministry- The New Indian Express The borrowings are being done through this window by the Government of India on behalf of the States and UTs. How Sales Engineer Compensation Stacks Up to the Rest | North American Association of Sales Engineers 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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