Two more States – Kerala and West Bengal choose Option-1 to meet the GST implementation shortfall
GST
Dated:- 25-11-2020
Two more States – Kerala and West Bengal choose Option-1 to meet the GST implementation shortfall
\n25 States and all Union Territories with Legislative Assembly have favoured Option-I
\nKerala and West Bengal will get ₹ 10,197 crore through special borrowing window to meet the GST implementation shortfall.
\nPermission to raise additional ₹ 11,309 crore through borrowings also issued to Kerala and West Bengal.
\nGovernments of Kerala and West Bengal have communicated their acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The number of States who have chosen thi<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n engal will also receive funds raised through this window starting from the next round of borrowings. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 43 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Two more States – Kerala and West Bengal choose Option-1 to meet the GST implementation shortfall GSTDated:- 25-11-2020Two more States – Kerala and West Bengal choose Option-1 to meet the GST implementation shortfall 25 States and all Union Territories with Legislative Assembly have favoured Option-I Kerala and West Bengal will get ₹ 10,197 crore through … Continue reading “Two more States – Kerala and West Bengal choose 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-69015","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69015","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=69015"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69015\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\n Under the terms of Option-1, besides getting the facility of a special window for borrowings to meet the shortfall arising out of GST implementation, the States are also entitled to get unconditional 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 Atmnirbhar Abhiyaan on 17th May, 2020. This is over and above the Special Window of ₹ 1.1 lakh crore. On receipt of the choice of Option-1 from the Government of Kerala and West Bengal, the Government of India has granted additional borrowing permission of ₹ 4,522 <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n0.00
\n3
\nAssam
\n1869
\n289.54
\n4
\nBihar
\n3231
\n1136.27
\n5
\nGoa
\n446
\n244.39
\n6
\nGujarat
\n8704
\n2683.88
\n7
\nHaryana
\n4293
\n1266.68
\n8
\nHimachal Pradesh
\n877
\n499.74
\n9
\nKarnataka
\n9018
\n3611.17
\n10
\nKerala #
\n4,522
\n0.00
\n11
\nMadhya Pradesh
\n4746
\n1321.98
\n12
\nMaharashtra
\n15394
\n3486.24
\n13
\nManipur*
\n151
\n0.00
\n14
\nMeghalaya
\n194
\n32.51
\n15
\nMizoram*
\n132
\n0.00
\n16
\nNagaland*
\n157
\n0.00
\n17
\nOdisha
\n2858
\n1112.42
\n18
\nRajasthan
\n5462
\n645.06
\n19
\nSikkim*
\n156
\n0.00
\n20
\nTamil Nadu
\n9627
\n1816.66
\n21
\nTelangana
\n5017
\n164.41
\n22
\nTripura
\n297
\n66.04
\n23
\nUttar Pradesh
\n9703
\n1748.29
\n24
\nUttarakhand
\n1405
\n674.27
\n25
\nWest Bengal #
\n6787
\n0.00
\nTotal (A):
\n100240
\n21472.16
\n1
\nDelhi
\nNot applicable
\n1706.93
\n2
\nJammu & Kashmir
\nNot ap<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n