GST Compensation to States
GST
Dated:- 11-8-2018
Government has compensated to the States\/UTs for the reported revenue deficit on account of implementation of Goods and Services Tax (GST). As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States on account of implementation of Goods and Services Tax shall be payable during transition period and compensation payable to a State shall be provisionally calculated and released at the end of every two months during transition period of 5 years.
\n As per Section 4 of the said Act, financial year 2015-16 has been taken as the base year for calculating compensation amount payable to States for loss of revenue during transition period. T<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n il-May, 2018. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 9 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST Compensation to States GSTDated:- 11-8-2018Government has compensated to the States\/UTs for the reported revenue deficit on account of implementation of Goods and Services Tax (GST). As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States on account of implementation of Goods and Services Tax … Continue reading “GST Compensation to States”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13213","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/13213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13213"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/13213\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nAnnexure-I
\nDetails of GST Compensation released to States\/ UTs for FY 2017-18.
\nS. No.
\n Name of State\/UT
\nGST Compensate on released for July and Aug 2017 (Rs. In Crore)
\nGST compensation released for Sep and Oct 2017 (Rs. In Crore)
\nGST Compensation released for Nov and Dec 2017 (Rs. in Crore)
\nGST Compens ation released for Jan and Feb 2018 (Rs. in Crore)
\nGST Compens ation released for March 2018 (Rs. in Crore)
\n Total (Rs. In Crore)
\n(1)
\n(2)
\n(3)
\n(4)
\n(5)
\n(6)
\n(7)
\n(8)
\nAndhra
\n1
\nPradesh
\n116
\n266
\n0
\n0
\n0
\n382
\n2
\nArunachal
\nPradesh
\n15
\n0
\n0
\n0
\n0
\n15
\n3
\nAssam
\n338
\n331
\n15
\n202
\n94
\n980
\n4
\nBihar
\n692
\n1054
\n373
\n922
\n99
\n3140
\n5
\nChhattisgarh
\n253
\n562
\n219
\n449
\n106
\n1589
\n6
\nDelhi
\n115
\n42
\n0
\n0
\n169
\n326
\n7<\/p>\n
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\n25
\nSikkim
\n0
\n0
\n0
\n6
\n0
\n6
\n26
\nTamil Nadu
\n530
\n102
\n0
\n0
\n0
\n632
\n27
\nTelangana
\n7
\n162
\n0
\n0
\n0
\n169
\n28
\nTripura
\n31
\n43
\n14
\n41
\n20
\n149
\n29
\nUttar Pradesh
\n190
\n1330
\n0
\n604
\n308
\n2432
\n30
\nUttarakhand
\n223
\n460
\n183
\n417
\n149
\n1432
\n31
\nWest Bengal
\n441
\n567
\n0
\n600
\n0
\n1608
\nTotal
\n10805
\n13694
\n3898
\n13085
\n6696
\n48178
\n Annexure-II
\nDetails of GST Compensation released to States\/UTs for FY 2018-19
\n S. No.
\n Name of State\/UT
\nGST compensation released for April- May, 2018 (Rs. In Crore)
\n(1)
\n(2)
\n(3)
\n1
\nAndhra Pradesh
\n0
\n2
\nArunachal Pradesh
\n0
\n3
\nAssam
\n0
\n4
\nBihar
\n325
\n5
\nChhattisgarh
\n257
\n6
\nDelhi
\n0
\n7
\nGoa
\n28
\n8
\nGujarat
\n174
\n9
\nHaryana
\n0
\n10
\nHimachal Pradesh
\n225
\n11
\nJ & K
\n147
\n12
\nJharkhand
\n76
\n13
\nKarnat<\/p>\n
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