Goods and Services Tax – GST Dated:- 28-10-2021 – News – The Ministry of Finance has released ₹44,000 crore today to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation. After taking into account earlier release of ₹ 1,15,000 crore (₹ 75,000 crore released on 15 th July, 2021 and ₹ 40,000 crore released on 07 th October, 2021), total amount released in the current financial year as back-to-back loan in-lieu of GST compensation is ₹1,59,000 crore. This release is in addition to normal GST compensation being released every 2 months out of actual cess collection. Subsequent to the 43 rd GST Council Meeting held on 28.05.2021 , it was decided that the Centr
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ccruing in FY 2021-22. All eligible States and UTs (with Legislature) have agreed to the arrangements of funding of the compensation shortfall under the back-to-back loan facility. For effective response and management of COVID-19 pandemic and a step-up in capital expenditure all States and UTs have a very important role to play. For assisting the States/UTs in their endeavour, Ministry of Finance has frontloaded the release of assistance under the back-to-back loan facility during FY 2021-22 of ₹1,59,000 crore. The release of ₹44,000 crore being made now is funded from borrowings of GoI in 5-year securitiesissued in the current financial year, at a Weighted Average Yield of 5.69%. No additional market borrowing by Central
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attisgarh 1374.02 5. Goa 234.28 6. Gujarat 3608.53 7. Haryana 2045.79 8. Himachal Pradesh 745.95 9. Jharkhand 687.76 10. Karnataka 5010.90 11. Kerala 2418.49 12. Madhya Pradesh 1940.20 13. Maharashtra 3814.00 14
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