Goods and Services Tax – GST Dated:- 25-1-2021 – News – 13th Instalment of ₹ 6,000 crore released to the States to meet the GST compensation shortfall A total amount of ₹ 78,000 crore released so far to all States and UTs with legislature This is in addition to additional borrowing permission of ₹ 1,06,830 crore granted to the States The Ministry of Finance, Department of Expenditure has released the 13 th weekly instalment of ₹ 6,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of ₹ 5,516.60 crore has been released to 23 States and an amount of ₹ 483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu Kashmir Puducherry) who are members of the GST Council. The remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation. Till now, 70 percent of the
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rage interest rate of 4.7491% . In addition to providing funds through the special borrowing window to meet the shortfall in revenue on account of GST implementation, the Government of India has also granted additional borrowing permission equivalent to 0.50 % of Gross States Domestic Product (GSDP) to the states choosing Option-I to meet GST compensation shortfall to help them in mobilising additional financial resources. All the States have given their preference for Option-I. Permission for borrowing the entire additional amount of ₹ 1,06,830 crore (0.50 % of GSDP) has been granted to 28 States under this provision. The amount of additional borrowing permission granted to 28 States and the amount of funds raised through special window and released to the States and 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/UTs till 18.01.20
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Haryana 4293 3409.84 9 Himachal Pradesh 877 1345.31 10 Jharkhand 1765 735.60 11 Karnataka 9018 9721.07 12 Kerala 4,522 2839.56 13 Madhya Pradesh 4746 3558.75 14 Maharashtra 15394 9384.47 15 Manipur* 151 0.00 16 Meghalaya 194 87.69 17 Mizoram* 132 0.00
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