Goods and Services Tax – GST Dated:- 31-3-2021 – News – The Central Government has released GST Compensation of ₹ 30,000 crore to States as part compensation admissible for FY 2020-21 on 27 th 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 th March 2021. Taking into account the release of GST Compensation, back to back loan and adhoc IGST settlement, balance of only ₹ 63,000 crore approx. GST Compensation is pending to States/UTs for FY 2020-21. The tables below show the State-wise GST compensation/ IGST Settlement released for the Financial Year 2020-21: –
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2970.1239 13 Kerala 1378.1551 14 Madhya Pradesh 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 2094.49
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Uttar Pradesh 1167 10 Bihar 441 11 Sikkim 9 12 Arunachal Pradesh 9 13 Nagaland 9 14 Manipur 12 15 Mizoram 7 16 Tripura 28 17 Meghalaya 22 18 Assam 209 19 West Bengal 703 20 Jharkhand 224 21 Odisha 386 22 Chhattisgarh 257 23 Madhya Pradesh
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