Centre releases 30,000 crore as GST Compensation as well as 28,000 crore as IGST ad-hoc settlement to the States/UTs
GST
Dated:- 31-3-2021
The Central Government has released GST Compensation of ₹ 30,000 crore to States as part compensation admissible for FY 2020-21 on 27th March, 2021. The total amount of compensation released so far for the year 2020-21 is ₹ 70,000 crore. As per the decision of GST Council, back to back loan of ₹ 1,10,208 crore has also been released in lieu of shortfall in release of GST Compensation for FY 2020-21. In addition to above, Centre has also released ₹ 28,000 crore (₹ 14,000 crore to States and ₹ 14,000 crore to Centre) by way of adhoc settlement of IGST on 30
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1107.8935
15
Maharashtra
4446.3056
16
Meghalaya
41.9917
17
Odisha
785.8651
18
Puducherry
140.0184
19
Punjab
1707.4805
20
Rajasthan
1176.0441
21
Sikkim
3.7173
22
Tamil Nadu
2192.9325
23
Telangana
770.5828
24
Tripura
47.2235
25
Uttar Pradesh
2094.4929
26
Uttarakhand
516.9803
27
West Bengal
1309.1785
Total
30000
State Code
Name of the State / UT
Adhoc IGST Settlement released on 30th March, 2021 (Rs. in crore )
1
Jammu and Kashmir
167
2
Himachal Pradesh
127
3
Punjab
523
4
Chandigarh
40
5
Uttarakhand
173
6
Haryana
532
7
Delhi
587
8
Rajasthan
600
9
Uttar Pradesh
1167
10
Bihar
441
11
Sikkim
9
12
Arunachal Pradesh
9
13
Nagaland
9
14
Manipur
12
15
Mizoram
7
1
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