GST compensation shortfall released to States reaches 1 lakh crore
GST
Dated:- 20-2-2021
GST compensation shortfall released to States reaches ₹ 1 lakh crore
17th Instalment of ₹ 5,000 crore released to the States on Friday, 19th February, 2021.
91 percent of the estimated shortfall released.
The Ministry of Finance, Department of Expenditure has on Friday, released the 17th weekly instalment of ₹ 5,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 4,730.41 crore has been released to 23 States and an amount of ₹ 269.59 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry) who are members
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ia on behalf of the States and UTs. 17 rounds of borrowings have been completed so far starting from 23rd October, 2020.
Under the special window, the Government of India has been borrowing in Government Stock with tenor of 3 years and 5 years. The borrowing made under each tenor is equally divided among all the States as per their GST compensation shortfall. With the current release, the proportionate pending GST shortfall with respect to borrowing under 5 years tenure has been concluded for 16 States and 2 UTs. These States/ UTs were onboard for GST compensation release from the 1st Installment.
The amount released this week was the 17th instalment of such funds provided to the States. The amount has been borrowed this week at an intere
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ed 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 19.02.2021
(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
2222.71
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
956.04
4
Bihar
3231
3755.77
5
Chhattisgarh
1792
2143.75
6
Goa
446
807.89
7
Gujarat
870
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