100 percent of the estimated GST compensation shortfall of 1.10 Lakh crore released 20th Instalment of 4,104 crore released to the States on Monday, 15th March, 2021
GST
Dated:- 15-3-2021
The Ministry of Finance, Department of Expenditure has released the final weekly instalment of ₹ 4,104 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 4,086.97 crore has been released to 23 States and an amount of ₹ 17.03 crore has been released to the 3 UTs with Legislative Assembly.
With the current release, 100 percent of the total estimated GST compensation shortfall of ₹ 1.10 lakh crore for the year 2020-21 has now been released to the States & UTs with Legislative Assembly
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vided among all the States as per their GST compensation shortfall. With the current release, the proportionate pending GST shortfall with respect to borrowing under both 5 years tenure and 3 year tenure has been concluded for 23 States and 3 UTs with legislature. Remaining 5 States doesn't have any GST compensation shortfall.
The amount released this week was the 20th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.9288%. The total amount of ₹ 1,10,208 crore has been borrowed by the Central Government through the special borrowing window at an weighted average interest rate of 4.8473%.
In addition to providing funds through the special borrowing window to meet the sh
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percent of GSDP allowed and amount of funds raised through special window passed on to the States/UTs till 15.03.2021
(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
2311.00
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
994.00
4
Bihar
3231
3905.00
5
Chhattisgarh
1792
3109.00
6
Goa
446
840.00
7
Gujarat
8704
9222.00
8
Haryana
4293
4352.00
9
Himachal Pradesh
877
1717.00
10
Jharkhand
1765
1689.00
11
Karnataka
9018
12407.00
12
Kerala
4,522
5766.00
13
Madhya Pradesh
4746
4542.00
14
Maharashtra
15394
11977.00
15
Manipur*
151
0.00
16
Meghalaya
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