All States except Jharkhand choose Option-1 to meet the GST implementation shortfall
GST
Dated:- 3-12-2020
All States except Jharkhand choose Option-1 to meet the GST implementation shortfall
\nChhattisgarh has become the latest State to go for Option-1
\nChhattisgarh will get ₹ 3,109 crores through special borrowing window to meet the GST implementation shortfall
\nPermission to raise additional ₹ 1,792 crore through borrowings also issued to Chhattisgarh
\nGovernment 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 wi<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n eceive funds raised through this window starting from the next round of borrowing. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 4293 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" All States except Jharkhand choose Option-1 to meet the GST implementation shortfall GSTDated:- 3-12-2020All 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 … Continue reading “All States except Jharkhand 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-69021","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69021","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=69021"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69021\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nUnder 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 Atmanirbhar 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, the Government of India has granted additional borrowing permission of ₹ 1,792 crore to the State Government of Chhattisgarh (0.50 % of Chhatti<\/p>\n
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\n1514.40
\n9
\nHimachal Pradesh
\n877
\n597.47
\n10
\nKarnataka
\n9018
\n4317.39
\n11
\nKerala
\n4,522
\n328.20
\n12
\nMadhya Pradesh
\n4746
\n1580.51
\n13
\nMaharashtra
\n15394
\n4167.99
\n14
\nManipur*
\n151
\n0.00
\n15
\nMeghalaya
\n194
\n38.89
\n16
\nMizoram*
\n132
\n0.00
\n17
\nNagaland*
\n157
\n0.00
\n18
\nOdisha
\n2858
\n1329.97
\n19
\nPunjab
\n3033
\n475.80
\n20
\nRajasthan
\n5462
\n907.12
\n21
\nSikkim*
\n156
\n0.00
\n22
\nTamil Nadu
\n9627
\n2171.90
\n23
\nTelangana
\n5017
\n299.88
\n24
\nTripura
\n297
\n78.90
\n25
\nUttar Pradesh
\n9703
\n2090.21
\n26
\nUttarakhand
\n1405
\n806.10
\n27
\nWest Bengal
\n6787
\n252.22
\nTotal (A):
\n105065
\n26966.76
\n1
\nDelhi
\nNot applicable
\n2040.77
\n2
\nJammu & Kashmir
\nNot applicable
\n790.53
\n3
\nPuducherry
\nNot applicable
\n201.94
\nTotal (B):
\nNot applicable
\n3033.24\n<\/p>\n
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