GST Compensation to States
GST
Dated:- 11-8-2018
Government has compensated to the States/UTs for the reported revenue deficit on account of implementation of Goods and Services Tax (GST). As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States on account of implementation of Goods and Services Tax shall be payable during transition period and compensation payable to a State shall be provisionally calculated and released at the end of every two months during transition period of 5 years.
As per Section 4 of the said Act, financial year 2015-16 has been taken as the base year for calculating compensation amount payable to States for loss of revenue during transition period. T
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il-May, 2018.
Annexure-I
Details of GST Compensation released to States/ UTs for FY 2017-18.
S. No.
Name of State/UT
GST Compensate on released for July and Aug 2017 (Rs. In Crore)
GST compensation released for Sep and Oct 2017 (Rs. In Crore)
GST Compensation released for Nov and Dec 2017 (Rs. in Crore)
GST Compens ation released for Jan and Feb 2018 (Rs. in Crore)
GST Compens ation released for March 2018 (Rs. in Crore)
Total (Rs. In Crore)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Andhra
1
Pradesh
116
266
0
0
0
382
2
Arunachal
Pradesh
15
0
0
0
0
15
3
Assam
338
331
15
202
94
980
4
Bihar
692
1054
373
922
99
3140
5
Chhattisgarh
253
562
219
449
106
1589
6
Delhi
115
42
0
0
169
326
7
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9
25
Sikkim
0
0
0
6
0
6
26
Tamil Nadu
530
102
0
0
0
632
27
Telangana
7
162
0
0
0
169
28
Tripura
31
43
14
41
20
149
29
Uttar Pradesh
190
1330
0
604
308
2432
30
Uttarakhand
223
460
183
417
149
1432
31
West Bengal
441
567
0
600
0
1608
Total
10805
13694
3898
13085
6696
48178
Annexure-II
Details of GST Compensation released to States/UTs for FY 2018-19
S. No.
Name of State/UT
GST compensation released for April- May, 2018 (Rs. In Crore)
(1)
(2)
(3)
1
Andhra Pradesh
0
2
Arunachal Pradesh
0
3
Assam
0
4
Bihar
325
5
Chhattisgarh
257
6
Delhi
0
7
Goa
28
8
Gujarat
174
9
Haryana
0
10
Himachal Pradesh
225
11
J & K
147
12
Jharkhand
76
13
Karnat
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