Telangana decides to go for Option-1 to meet the GST implementation shortfall
GST
Dated:- 18-11-2020
Telangana decides to go for Option-1 to meet the GST implementation shortfall
\nState will get ₹ 2,380 crore through special borrowing window and also permission to raise additional ₹ 5,017crore through borrowings
\nThe Government of Telangana has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the shortfall in revenue arising out of GST implementation. The State has now joined 22 other States and 3 Union Territories (Delhi, Jammu & Kashmir and Puducherry) who have opted for Option-1.
\nThe States who choose Option-1 are getting the amount of shortfall arisi<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n l permission to borrow the final instalment of 0.50% of Gross State Domestic Product (GSDP) out of the 2% additional borrowings permitted by the Government of India, under AtmnirbharAbhiyaan on 17th May, 2020. This is over and above the Special Window of ₹ 1.1 lakh crores. On receipt of the choice of Option-1from the Government of Telangana, the Government of India has today granted the State Government of Telangana additional borrowing permission of ₹ 5,017 crore (0.5% of Telangana's GSDP). = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ihar = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Telangana decides to go for Option-1 to meet the GST implementation shortfall GSTDated:- 18-11-2020Telangana decides to go for Option-1 to meet the GST implementation shortfall State will get ₹ 2,380 crore through special borrowing window and also permission to raise additional ₹ 5,017crore through borrowings The Government of Telangana has communicated its acceptance for Option-1 … Continue reading “Telangana decides to go for Option-1 to meet the GST implementation shortfall”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69012","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69012","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=69012"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69012\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nStates who have opted for Option-1 are – Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Rajasthan, Sikkim, Tel<\/p>\n
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\n3231
\n866.51
\n5
\nGoa
\n446
\n186.36
\n6
\nGujarat
\n8704
\n2046.80
\n7
\nHaryana
\n4293
\n966.04
\n8
\nHimachal Pradesh
\n877
\n381.13
\n9
\nKarnataka
\n9018
\n2754.08
\n10
\nMadhya Pradesh
\n4746
\n1008.21
\n11
\nMaharashtra
\n15394
\n2658.85
\n12
\nManipur*
\n151
\n0.00
\n13
\nMeghalaya
\n194
\n24.77
\n14
\nMizoram*
\n132
\n0.00
\n15
\nNagaland*
\n157
\n0.00
\n16
\nOdisha
\n2858
\n848.39
\n17
\nRajasthan
\n5462
\n327.01
\n18
\nSikkim*
\n156
\n0.00
\n19
\nTamil Nadu
\n9627
\n1385.52
\n20
\nTelangana#
\n5017
\n0.00
\n21
\nTripura
\n297
\n50.43
\n22
\nUttar Pradesh
\n9703
\n1333.32
\n23
\nUttarakhand
\n1405
\n514.28
\nTotal:
\n88931
\n16085.53
\n1
\nDelhi
\n0.00
\n1301.77
\n2
\nJammu & Kashmir
\n0.00
\n504.26
\n3
\nPuducherry
\n0.00
\n108.44
\nTotal:
\n0.00
\n1914.47
\nGrand Total
\n88931
\n18000.00
\n * These States have 'NIL' G<\/p>\n
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