Goods and Services Tax

Goods and Services Tax – GST Dated:- 4-1-2021 – News – The Central GST Delhi West Commissionerate has unearthed evasion of GST by way of manufacture and clandestine supply of gutkha/pan masala/tobacco products without any registration and payment of duty. On basis of the search at the premise of manufacture, it was found that illegal manufacturing of Gutkha/pan masala/tobacco product was going on, evidenced by a godown, machines, raw materials and manufactured products at the premises. Around 65 labourers were found working at the illegal factory. The finished product of gutkha is being supplied to various states in India. The searches resulted in seizure of finished gutkha and raw materials such as chuna, sada kattha, tobacco leaves etc

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Goods and Services Tax – GST Dated:- 2-1-2021 – News – GST e-invoice system completed journey of 3 months; Enabled more than 37000 tax payers to generate more than 1680 Lakh Invoice Reference Numbers (IRNs) 603 Lakhs e-invoices generated in December 2020 as compared to 589 lakhs in November 2020 GST e-invoice system, the game changer in the GST system, has completed journey of three months and has facilitated smooth transition of the tax payers to the new platform. It has enabled more than 37000 tax payers to generate more than 1680 Lakh Invoice Reference Numbers (IRNs), during last three months from the NIC developed e-Invoice system. Starting with with 495 lakhs during October 2020, generation of e-Invoice has increased t

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n bringing the errors down. NIC has also started sending the daily update to the generators of IRN about the number and value of the IRN generated by him/her. The Government has reduced the aggregate turnover cut off to ₹ 100 Crores per annum for generation of IRN by the tax payers from 1st January 2021. NIC has already enabled the API and offline tool based sites for these tax payers. NIC is also geared up with adequate infrastructure to handle the generation of e-invoices from these tax payers from 1st January 2021. NIC portal facilitates the big tax payers, whose turnover is more than ₹ 500 Crores, to enable direct API access to their suppliers and clients from their systems. Keeping requirements of small tax payers i

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Goods and Services Tax – GST Dated:- 1-1-2021 – News – GST Revenue collection for December 2020 recorded all time high since implementation of GST ₹ 1,15,174 crore gross GST revenue collected in December Revenues for December 2020 are 12% higher than the GST revenues in the same month last year The gross GST revenue collected in the month of December 2020 is ₹ 1,15,174 crore of which CGST is ₹ 21,365 crore , SGST is ₹ 27,804 crore , IGST is ₹ 57,426 crore (including ₹ 27,050 crore collected on import of goods) and Cess is ₹ 8,579 crore (including ₹ 971 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of November up to 31 st December 2020 is 87 lakhs. The government has settled ₹ 23,276 crore to CGST and ₹ 17,681 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments aft

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of ₹ 1,04.963 crore. This is the highest growth in monthly revenues since last 21 months. This has been due to combined effect of the rapid economic recovery post pandemic and the nation-wide drive against GST evaders and fake bills alongwith many systemic changes introduced recently, which have led to improved compliance. Till now, GST revenues have crossed ₹ 1.1 lakh crore three times since introduction of GST. This is the third month in a row in the current financial year after the economy has been showing signs or recovery post pandemic that the GST revenues have been more than ₹ 1 lakh crore. The average growth in GST revenues during the last quarter has been 7.3% as compared to (-) 8.2% during the second quarter and (-) 41.0% during the first quarter of the financial year. The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the

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7 Delhi 3,698 3,451 -7% 8 Rajasthan 2,713 3,135 16% 9 Uttar Pradesh 5,489 5,937 8% 10 Bihar 1,016 1,067 5% 11 Sikkim 214 225 5% 12 Arunachal Pradesh 58 46 -22% 13 Nagaland 31 38 23% 14 Manipur 44 41 -8% 15 Mizoram

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7% 24 Gujarat 6,621 7,469 13% 25 Daman and Diu 94 4 -96% 26 Dadra and Nagar Haveli 154 259 68% 27 Maharashtra 16,530 17,699 7% 29 Karnataka 6,886 7,459 8% 30 Goa 363 342 -6% 31 Lakshadweep 1 1 -32% 32 Kerala 1,651 1,776 8%

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Goods and Services Tax – GST Dated:- 1-1-2021 – News – Recently, certain changes have been made in Registration process on GST Portal. In this regard, GSTN would be conducting following webinars for taxpayer awareness: Topic Recent changes in process of Registration on GST Portal Language English Hindi Date 05-01-2021

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Goods and Services Tax – GST Dated:- 31-12-2020 – News – The Directorate General of GST Intelligence (DGGI), North Zone, Gurugram has arrested three persons, namely Shri Alok Bhargava and his sons Shri Akul and Shri Atin Bhargava, owners of M/s Delhi Foils, M/s Abinox Industries and M/s Matalax Industries, Wazirpur, New Delhi. The above said firms had cumulatively taken Input Tax Credit fraudulently of ₹ 12.90 crore involving invoice value approximating ₹ 72 crore on the strengt

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Goods and Services Tax – GST Dated:- 30-12-2020 – News – 1. Certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as e-invoices ). Details from such e-invoices shall be auto-populated in respective tables of GSTR-1 . Update on the status of such auto-population was last published on 30/11/2020. 2. For those taxpayers who had started e-invoicing from 1-10-2020, the auto-population of e-invoice data into GSTR-1 (of December 2020) had started from December 3rd, 2020. In this regard, following is to be noted by those taxpayers: The data in GSTR-1 is now available on T+3 day basis, i.e. for example, the data from e-invoic

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already filed by that date, then, the details of such document will be made available in the consolidated excel file downloadable from GSTR-1 dashboard (with error description as Return already filed ). The taxpayer may thereupon take necessary action. 3. Owing to existing validations in GSTR-1 , e-invoices reported with below commonly observed issues are not auto-populated in the tables of GSTR-1 but are made available in the consolidated excel file downloadable from GSTR-1 dashboard (with corresponding error description): Supplier is found to be of type ISD/NRTP/TCS/TDS; Supplier is found to be composition taxpayer for that tax period; Document date is prior to Supplier s/Recipient s effective date of registration;

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t taxpayers. 6. It is once again reiterated that the auto-population of details from e-invoices into GSTR-1 is only a facility for the taxpayers. After viewing the auto-populated data, the taxpayer shall verify the propriety and accuracy of the amounts and all other data in each field, especially from the perspective of GSTR-1 and file the same, in the light of relevant legal provisions. 7. The taxpayers are once again requested to verify the documents auto-populated in GSTR-1 tables and consolidated excel and may share feedback on GST Self Service Portal, on below aspects: 1. All documents reported to IRP are present in excel 2. Status of each e-invoice/IRN is correct 3. All the details of document are populated correc

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Goods and Services Tax – GST Dated:- 28-12-2020 – News – 9th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. A total amount of ₹ 54,000 crore released so far to all States and UTs with legislation This is in addition to additional borrowing permission of ₹ 1,06,830 lakh crore granted to the States The Ministry of Finance has released the 9 th weekly instalment of ₹ 6,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 5,516.60 crore has been released to 23 States and an amount of ₹ 483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu Kashmir Puducherry) who are members of the GST Council. The remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation. The Government of Indiahad set up a

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special borrowing window to meet the shortfall in revenue on account of GST implementation, the Government of India has also granted additional borrowing permission equivalent to 0.50 % of Gross States Domestic Product(GSDP)to the states choosing Option-Ito meet GST compensation shortfall to help them in mobilising additional financial resources. All the States have been given their preference for Option-I. Permission for borrowing the entire additional amount of ₹ 1,06,830 lakh crore (0.50 % of GSDP) has been granted to 28 States under this provision. The amount of additional borrowing permission granted to 28 States and the amount of funds raised through special window and released to the States and Union Territories so far is annexed. Statewise additional borrowing of 0.50 percent of GSDP allowed and amount of funds raised through special window passed on to the States/U

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8 8 Haryana 4293 2462.12 9 Himachal Pradesh 877 971.39 10 Jharkhand 1765 367.80 11 Karnataka 9018 7019.23 12 Kerala 4,522 1583.88 13 Madhya Pradesh 4746 2569.63 14 Maharashtra 15394 6776.23 15 Manipur* 151 0.00 16 Meghalaya 194 63.29 17 Mizoram* 132

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1310.46 28 West Bengal 6787 1217.14 Total (A): 106830 49033.16 1 Delhi Not applicable 3318.01 2 Jammu Kashmir Not applicable 1285.29 3 Puducherry Not applicable 363.54 Total (B): Not applicable 4966.84 Grand Total (A+B) 106830 54000.00 * These States have NIL GST compensation gap – News – Press release – PIB Tax Management India – taxmanagementindia – taxmanagement – taxmanagementindia.com – TMI – Ta

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Goods and Services Tax – GST Dated:- 25-12-2020 – News – A facility of Communication Between Taxpayers has been provided on the GST Portal, for sending a notification by recipient (or supplier) taxpayers to their supplier (or recipient) taxpayers, regarding missing documents or any shortcomings in the documents or any other issue related to it. This facility is available to all registered persons, except those registered as TDS, TCS or NRTP. The main features of this facility are summarized as below: A. How to use the facility on GST Portal : Taxpayers can send notification, view notification, send reply and view replies to the notifications on their dashboard after login. a.To send notification navigate to –

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lso add Remarks (upto 200 Characters) in the box provided for the same. C. Some other features a.The counter party taxpayer will receive an e-mail on their registered e-mail address and an SMS on his registered mobile number for all notifications received. b.An alert will also be given to Recipient/Supplier on logging into the GST portal. c.A taxpayer is allowed to send up to 100 notifications to a single GSTIN for a particular tax period. d.The recipient can upload the details of missing documents (not uploaded by their supplier in his Form GSTR-1 ) and send a notification to their supplier, using this facility. Supplier can then add such documents directly in their Form GSTR-1 , if not reported earlier . e.The fun

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Goods and Services Tax – GST Dated:- 21-12-2020 – News – 8th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall A total amount of ₹ 48,000 crore released so far to all States and UTs with legislation This is in addition to additional borrowing permission of ₹ 1,06,830 crore granted to the States The Ministry of Finance has released the 8 th weekly instalment of ₹ 6,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 5,516.60 crore has been released to 23 States and an amount of ₹ 483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu Kashmir Puducherry) who are members of the GST Council. The remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation. The Government of India had set up a spe

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eet the shortfall in revenue on account of GST implementation, the Government of India has also granted additional borrowing permission equivalent to 0.50 % of Gross States Domestic Product (GSDP) to the states choosing Option-I to meet GST compensation shortfall to help them in mobilising additional financial resources. All the States have been given their preference for Option-I. Permission for borrowing the entire additional amount of ₹ 1,06,830 crore (0.50 % of GSDP) has been granted to 28 States under this provision. The amount of additional borrowing permission granted to 28 States and the amount of funds raised through special window and released to the States and Union Territories so far is annexed. 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 21.12.2020 (Rs. i

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4293 2225.19 9 Himachal Pradesh 877 877.91 10 Jharkhand 1765 275.85 11 Karnataka 9018 6343.77 12 Kerala 4,522 1269.96 13 Madhya Pradesh 4746 2322.35 14 Maharashtra 15394 6124.17 15 Manipur* 151 0.00 16 Meghalaya 194 57.19 17 Mizoram* 132 0.00 18

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Goods and Services Tax – GST Dated:- 21-12-2020 – News – The system has started providing auto-populated GSTR-3B on the basis of GSTR-1 GSTR-2B from the tax period of November 2020 onwards. In this auto-populated GSTR-3B , liability on account of inward supplies attracting reverse charge auto-populated in Table-3.1(d) is also drawn from GSTR-2B of the taxpayer for the said tax period. The values in GSTR-2B are auto populated from the GSTR-1 of the counter-parties making the

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Goods and Services Tax – GST Dated:- 17-12-2020 – News – 1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 Central Tax, dated 11th Nov., 2020 , has added sub rule (6) to Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR-3B , for the tax periods from October, 2020 till March, 2021. The details are as under: Sl. No Taxpayers with aggregate turnover (PAN based) in the previous financial year And Taxpayers having principal place of business in the State/ UT of Due date of filing of Form GSTR 3B, from October, 2020 till March, 2021

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Goods and Services Tax – GST Dated:- 16-12-2020 – News – 1. Auto Populated details in Form GSTR 3B : Now, auto-population of system computed details in Form GSTR-3B , has been enabled for taxpayers (filing their Form GSTR-1 on monthly basis), from November 2020 Tax Period onwards. The same will be done based on the following: (i) Liabilities in tables-3.1 3.2 of Form GSTR-3B (except Table-3.1 (d) pertaining to inward supplies liable to reverse charge), are computed by the system on the basis of details of outward supplies as filed in Form GSTR-1 for the tax period (ii) Input Tax Credit (ITC) details and details of inward supplies liable to reverse charge, to be reported in Tables-4 and 3.1 (d) respectively, are computed

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ers can change/ edit the auto populated values in Form GSTR-3B . (iii) In case taxpayer has not filed Form GSTR-1 for the period, system generated summary will display the respective values as Not filed . Similarly, if Form GSTR-2B is not generated for the period, system generated summary will display the respective values as Not generated . (iv) If the taxpayer has entered saved any values in Form GSTR-3B before auto-population by the system, the saved values will not be changed/over-written by the system. (v) Table 5 and 6.2 of FORM GSTR-3B is not part of the PDF will not be auto-populated by the system. 4. Click here for details. Thanking you, Team GSTN – News – Press release – PIB Tax Manage

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Goods and Services Tax – GST Dated:- 16-12-2020 – News – With effect from 1st January, 2021, all taxpayers with Aggregate Annual Turnover of up to ₹ 5 Cr. in the previous financial year and filing Form GSTR 3B , persons obtaining a new registration and taxpayers opting out of Composition Scheme would be able to avail of Quarterly Return filing Monthly Payment of Taxes (QRMP) Scheme on GST Portal. In this regard, GSTN would be conducting following webinars for taxpayer awaren

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Goods and Services Tax – GST Dated:- 14-12-2020 – News – 7th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall A total amount of ₹ 42,000 crore released so far to all States and UTs with legislation This is in addition to additional borrowing permission of ₹ 1,06,830 granted to the States The Ministry of Finance has released the 7 th weekly instalment of ₹ 6,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 5,516.60 crore has been released to 23 States and an amount of ₹ 483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu Kashmir Puducherry) who are members of the GST Council. The remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation. The Government of India had set up a special b

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account of GST implementation, the Government of India has also granted additional borrowing permission equivalent to 0.50 % of Gross States Domestic Product (GSDP) to the states choosing Option-I to meet GST compensation shortfall to help them in mobilising additional financial resources. All the States have been given their preference for Option-I. Permission for borrowing the entire additional amount of ₹ 1,06,830 crore (0.50 % of GSDP) has been granted to 28 States under this provision. The amount of additional borrowing permission granted to 28 States and the amount of funds raised through special window and released to the States and Union Territories so far is annexed. 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 14.12.2020 (Rs. in Crore) S. No. Name of State / UT Additional borrowing o

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877 784.43 10 Jharkhand 1765 183.90 11 Karnataka 9018 5668.31 12 Kerala 4,522 956.04 13 Madhya Pradesh 4746 2075.07 14 Maharashtra 15394 5472.11 15 Manipur* 151 0.00 16 Meghalaya 194 51.09 17 Mizoram* 132 0.00 18 Nagaland* 157 0.00 19 Odisha

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Goods and Services Tax – GST Dated:- 14-12-2020 – News – From 1st Jan., 2021, Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding ₹ 100 Cr. (in any preceding financial year from 2017-18 onwards). In this regard, GSTN is holding a webinar as below. The taxpayers are requested to join the session and get benefit out of the same. GSTN Webinar on e-invoicing for Taxpayers Date of Webinar: 16th Dece

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Goods and Services Tax – GST Dated:- 14-12-2020 – News – 1.From 1st December, 2020, onwards, the EWB generation facility is being blocked for all taxpayers, irrespective of their Aggregate Annual Turnover, for default in filing of Return in FORM GSTR-3 B or Statement in FORM GST CMP-08 for two or more consecutive Tax periods. 2.The taxpayers have an option to have their EWB generation facility unblocked by filing an application before tax officer in such cases. Earlier, this appl

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Goods and Services Tax – GST Dated:- 12-12-2020 – News – On the basis of intelligence received by Anti-Evasion branch of CGST Delhi South Commissionerate, the officers have booked a case against M/s. Sunflame Trading Pvt. Ltd., M/s Atlantic International Trading Pvt. Ltd., and M/s. Blue Star International Pvt. Ltd.,M/s Blue Evolution Private Limited and M/s White Mountain Trading Private Limited having their Principal Place of Business at G-56, Green Park, New Delhi-110016 for incorrectly availing ITC issued on the GSTIN of fake/ dummy firms and getting refund of ITC on the strength of such fake Invoices. From preliminary scrutiny of the seized documents, the data/information available on E-way Portal/GSTN portal, it is found that Sh.

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Goods and Services Tax – GST Dated:- 11-12-2020 – News – Facility to file annual return in Form GSTR-9 for FY 2019-20 is now available. The Form is enabled for taxpayers whose table 8A computation has been completed. Computation of the table 8A of the said return for auto population from returns is under progress which is likely to be completed soon. Please ensure that all applicable returns of the said year have been filed before attempting to file the said return. – News – Press releas

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Goods and Services Tax – GST Dated:- 9-12-2020 – News – 6th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall A total amount of ₹ 36,000 crore released so far This is in addition to additional borrowing permission of ₹ 1,06,830 crore granted to the States The Ministry of Finance has released the weekly instalment of ₹ 6,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 5,516.60 crore has been released to 23 States and an amount of ₹ 483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu Kashmir Puducherry) who are members of the GST Council. The remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation. The Government of India is borrowing this amount on behalf of the States and UTs through

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amount of additional borrowing permission granted to 28 States and the amount of funds raised through special window and released to the States and Union Territories so far is annexed . 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 09.12.2020 (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 929.97 2 Arunachal Pradesh* 143 0.00 3 Assam 1869 400.24 4 Bihar

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rashtra 15394 4820.05 15 Manipur* 151 0.00 16 Meghalaya 194 44.99 17 Mizoram* 132 0.00 18 Nagaland* 157 0.00 19 Odisha 2858 1538.05 20 Punjab 3033 930.88 21 Rajasthan 5462 1157.77 22 Sikkim* 156 0.00 23 Tamil Nadu 9627 2511.68 24 Telangana

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Goods and Services Tax – GST Dated:- 8-12-2020 – News – 1. From 1st December, 2020, onwards, the EWB generation facility is being blocked for all taxpayers, irrespective of their Aggregate Annual Turnover, for default in filing of Return in FORM GSTR-3 B or Statement in FORM GST CMP-08 for two or more consecutive Tax periods. 2. The taxpayers have an option to have their EWB generation facility unblocked by filing an application before tax officer in such cases. Earlier, this application could only be filed offline. However, the GSTN portal has now made the process completely online. 3. For guidance of taxpayers following webinars are being organized by GSTN on this Topic: Sl. No

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Goods and Services Tax – GST Dated:- 8-12-2020 – News – The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested one Shri Rajesh Kasera resident of New Delhi on charges of IGST fraud by way of illegally availing input tax credit (ITC) on invoices without goods, and encashing through IGST refund mode by resorting to overvalued exports. It is apparent from the investigation conducted till date, that Shri Rajesh Kasera created and controlled two companies by the name of M/s S.K. Traders helmed by dummy director Shri Sushil Kumar Goyal and another by the name of M/s R.K. Enterprises, based in New Delhi and Faridabad respectively. M/s S.K. Traders had availed/passed on fraudulent ITC of &#837

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Goods and Services Tax – GST Dated:- 8-12-2020 – News – The Goods and Services Tax Network (GSTN) conducted a month-long GST-n-You contest 2020 from 15 th September to 15 th October, 2020 on the various initiatives and reforms undertaken by the Government on GST. The entries were invited in form of videos or static creatives. The participants were required to submit their entries on benefit of GST. Some of the suggested topics were One nation, one tax, one market; GST and reduced taxes on micro, small and medium scale enterprises; GST and automated compliance; GST and reduction of monthly household budget; movement of goods without check posts; How to register/file return on GST portal., better input credits to busi

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dience. It is further clarified that the content has been created by the participants of GST-n-You Contest. GSTN has uploaded it for the benefit of taxpayers. GSTN has assessed them solely in terms of creativity and originality and these videos/ creatives are meant for general guidance purposes only. Information contained therein can t be cited in a Court of Law or during any quasi-judicial proceedings, as reference. To view the list of winners, click here To view the entries, click here https://bit.ly/gst-n-you-contest Thanking You, Team GSTN – News – Press release – PIB Tax Management India – taxmanagementindia – taxmanagement – taxmanagementindia.com – TMI – TaxTMI – TM

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Goods and Services Tax – GST Dated:- 5-12-2020 – News – Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 Central Tax, dated 11th Nov., 2020 , has added sub rule (6) to Rule 61 of the Central Goods and Services Tax Rules, 2017 , to provide for staggered filing of Form GSTR-3B , for the tax periods from October, 2020 till March, 2021. The details are as under: Sl. No Taxpayers with aggregate turnover (PAN based) in the previous financial year And Taxpayers having principal place of business in the State/ UT of Due date of filing of Form GSTR 3B, from October, 2020 till March, 2021

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Goods and Services Tax – GST Dated:- 5-12-2020 – News – Jharkhand has become the latest State to go for Option-1 Jharkhand will get ₹ 1,689 crore through special borrowing window to meet the GST implementation shortfall Permission to raise additional ₹ 1,765 crore through borrowings also issued to Jharkhand All the 28 States and 3 Union Territories with legislature have decided to go for Option-1 to meet the revenue shortfall arising out of the GST implementation. Jharkhand, the only remaining State, has now communicated its acceptance of Option-1. All the 3 Union Territories with Legislative Assembly who are members of the GST council have already decided in favour of Option-1. The Government of India has set up a special borrowing window for the States Union Territories who choose Option-1 to borrow the amount of shortfall arising out of GST implementation. The window has been operationalised since 23 rd October, 2020 an

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onal borrowing permission of ₹ 1,765 crore to the State Government of Jharkhand (0.50 % of Jharkhand s GSDP). The amount of additional borrowing permission granted to 28 States and the amount of funds raised through special window and released to the States and Union Territories so far is annexed . 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 04.12.2020 (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 804.15 2 Arunachal Pradesh* 143 0.00 3

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Madhya Pradesh 4746 1580.51 14 Maharashtra 15394 4167.99 15 Manipur* 151 0.00 16 Meghalaya 194 38.89 17 Mizoram* 132 0.00 18 Nagaland* 157 0.00 19 Odisha 2858 1329.97 20 Punjab 3033 475.80 21 Rajasthan 5462 907.12 22 Sikkim* 156 0.00 23 T

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Goods and Services Tax – GST Dated:- 3-12-2020 – News – All States except Jharkhand choose Option-1 to meet the GST implementation shortfall Chhattisgarh has become the latest State to go for Option-1 Chhattisgarh will get ₹ 3,109 crores through special borrowing window to meet the GST implementation shortfall Permission to raise additional ₹ 1,792 crore through borrowings also issued to Chhattisgarh Government of Chhattisgarh has communicated its acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The number of States who have favoured Option-1 has gone up to 27. All States except Jharkhand and all the 3 Union Territories with Legislative Assembly have decided in favour of Option-1. The States Union Territories who choose Option-1 are getting the amount of shortfall arising out of GST implementation through a special borrowing window put in place by the Government of India. The window has been operationalised

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377; 1.1 lakh crore. On receipt of the choice of Option-1, the Government of India has granted additional borrowing permission of ₹ 1,792 crore to the State Government of Chhattisgarh (0.50 % of Chhattisgarh s GSDP). The amount of additional borrowing permission granted to 27 States and the amount of funds raised through special window and released to the States and Union Territories so far is annexed. State wise additional borrowing of 0.50 percent of GSDP allowed and amount of funds raised through special window passed on to the States/UT still 02.12.2020 (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 804.15 2 Arunachal P

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radesh 4746 1580.51 13 Maharashtra 15394 4167.99 14 Manipur* 151 0.00 15 Meghalaya 194 38.89 16 Mizoram* 132 0.00 17 Nagaland* 157 0.00 18 Odisha 2858 1329.97 19 Punjab 3033 475.80 20 Rajasthan 5462 907.12 21 Sikkim* 156 0.00 22 Tamil Nadu

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