GST compensation shortfall released to States reaches 1.06 lakh crore
GST
Dated:- 9-3-2021
GST compensation shortfall released to States reaches ₹ 1.06 lakh crore
19th Instalment of ₹ 2,104 crore released to the States on Monday, 08th March, 2021
96 per cent of the estimated shortfall of ₹ 1.10 lakh crore released
The Ministry of Finance, Department of Expenditure has released the 19th weekly instalment of ₹ 2,104 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 2,103.95 crore has been released to 7 States and an amount of ₹ 0.05 crore has been released to the Union Territory of Puducherry.
Till now, 96 percent of the total estimated GST compensatio
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f 3 years and 5 years. The borrowing made under each tenure 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 tenor has been concluded for 23 States and 3 UTs with legislature. Remaining 5 States have not GST compensation shortfall.
The amount released this week was the 19th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 5.8594%. So far, an amount of ₹ 1,06,104 crore has been borrowed by the Central Government through the special borrowing window at an weighted average interest rate of 4.8842%.
In addition to providing funds through t
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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 08.03.2021
(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
2306.59
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
992.12
4
Bihar
3231
3897.50
5
Chhattisgarh
1792
2654.69
6
Goa
446
838.38
7
Gujarat
8704
9204.31
8
Haryana
4293
4343.62
9
Himachal Pradesh
877
1713.71
10
Jharkhand
1765
1442.18
11
Karnataka
9018
12383.13
12
Kerala
4,522
4923.48
13
Madhya Pradesh
4746
4533.28
14
Maharashtra
15394
1195
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