Goods and Services Tax – GST Dated:- 5-11-2020 – News – Rajasthan decides to go for Option-1 to meet the GST implementation shortfall State will get ₹ 4,604 Crores through special borrowing window and also permission to raise additional ₹ 5,462 Crores through borrowings The Government of Rajasthan has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the shortfall in revenue arising out of GST implementation. The State has now joined 21 other States and 3 Union Territories (Delhi, Jammu Kashmir and Puducherry) who have opted for Option-1. The States who choose Option-1 are getting the amount of shortfall arising out of GST implementation through a special borrowing window put in place by the Government of India. The window has been operationalised now and the Government of India already borrowed an amount of ₹ 12,000 crores on behalf of the States in two instalments and has passed it
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who have opted for Option-1 are Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Rajasthan, Sikkim, Tripura, Tamil Nadu, Uttar Pradesh, and Uttarakhand, along with the three Union Territories of Delhi, Jammu Kashmir and Puducherry. The amount of additional borrowing permission granted to these States and the amount of funds raised through special window and released to the 21 States and 3 UTs so far is annexed. State wise additional borrowing of 0.50 percent of GSDP allowed and amount of funds raised through special window passed on to the States till 05.11.2020 (Rs. in Crore) 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 St
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685.60 11 Maharashtra 15394 1808.14 12 Manipur* 151 0.00 13 Meghalaya 194 16.81 14 Mizoram* 132 0.00 15 Nagaland* 157 0.00 16 Odisha 2858 576.92 17 Rajasthan 5462 0.00 18 Sikkim* 156 0.00 19 Tamil Nadu 9627 942.24 20 Tripura 297
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