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 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 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 |