Goods and Services Tax – GST Dated:- 30-11-2020 – News – Punjab chooses Option-1 to meet the GST implementation shortfall 26 States and all Union Territories with Legislative Assembly have favoured Option-1 Punjab will get ₹ 8,359 Crores through special borrowing window to meet the GST implementation shortfall Permission to raise additional ₹ 3,033 Crores through borrowings also issued to Punjab Governments of Punjab has communicated acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The number of States who have chosen this option has gone up to 26. All the 3 Union Territories with Legislative Assembly (i.e. Delhi, Jammu Kashmir and Puducherry) have also decided in favour of Option-1. The States Union Territories 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 oper
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from the Government of Punjab, the Government of India has granted additional borrowing permission of ₹ 3,033 crores to the State Government of Punjab(0.5% of Punjab s GSDP). The amount of additional borrowing permission granted to 26 States and the amount of funds raised through special window and released to the 18 States and 3 Union Territories 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/UT still 28.11.2020 (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 States/ UTs 1 Andhra Pradesh 5051 672.61 2 Arunachal Pradesh*
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15394 3486.24 13 Manipur* 151 0.00 14 Meghalaya 194 32.51 15 Mizoram* 132 0.00 16 Nagaland* 157 0.00 17 Odisha 2858 1112.42 18 Punjab # 3033 0.00 19 Rajasthan 5462 645.06 20 Sikkim* 156 0.00 21 Tamil Nadu 9627 1816.66 22 Telangana 5017
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