Goods and Services Tax – 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. The projected
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
nnexure-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 Goa 68 35 99 50 29 281 8 Gujarat 1402 880 252 1153 590 4277 9 Haryana 476 325 0 398 26
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
608 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 Karnataka 792 14 Kerala 67 15 Madhya Pradesh 130 16 Maharashtra 0 17 Manipur 0 18 Meghalaya 0 19 Mizoram 0 20 Nagaland 0 21 Odisha 282 22 Puducherry 79 23 Punjab 944 24 Rajasthan 106 25 Sikkim 0 26 Tamil Nadu 0 27 Telangana 0 28 Tripura 2 29 Uttar Pradesh 0 30 Uttarakhand 265 31 West Bengal 0 Total 3899 This was stated by Shri Shiv Pratap Sh
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =