Telangana decides to go for Option-1 to meet the GST implementation shortfall
GST
Dated:- 18-11-2020
Telangana decides to go for Option-1 to meet the GST implementation shortfall
State will get ₹ 2,380 crore through special borrowing window and also permission to raise additional ₹ 5,017crore through borrowings
The Government of Telangana 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 22 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 arisi
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l permission to borrow the final instalment of 0.50% of Gross State Domestic Product (GSDP) out of the 2% additional borrowings permitted by the Government of India, under AtmnirbharAbhiyaan on 17th May, 2020. This is over and above the Special Window of ₹ 1.1 lakh crores. On receipt of the choice of Option-1from the Government of Telangana, the Government of India has today granted the State Government of Telangana additional borrowing permission of ₹ 5,017 crore (0.5% of Telangana's GSDP).
States 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, Tel
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ihar
3231
866.51
5
Goa
446
186.36
6
Gujarat
8704
2046.80
7
Haryana
4293
966.04
8
Himachal Pradesh
877
381.13
9
Karnataka
9018
2754.08
10
Madhya Pradesh
4746
1008.21
11
Maharashtra
15394
2658.85
12
Manipur*
151
0.00
13
Meghalaya
194
24.77
14
Mizoram*
132
0.00
15
Nagaland*
157
0.00
16
Odisha
2858
848.39
17
Rajasthan
5462
327.01
18
Sikkim*
156
0.00
19
Tamil Nadu
9627
1385.52
20
Telangana#
5017
0.00
21
Tripura
297
50.43
22
Uttar Pradesh
9703
1333.32
23
Uttarakhand
1405
514.28
Total:
88931
16085.53
1
Delhi
0.00
1301.77
2
Jammu & Kashmir
0.00
504.26
3
Puducherry
0.00
108.44
Total:
0.00
1914.47
Grand Total
88931
18000.00
* These States have 'NIL' G
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