7th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
GST
Dated:- 14-12-2020
7th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
\nA total amount of ₹ 42,000 crore released so far to all States and UTs with legislation
\nThis is in addition to additional borrowing permission of ₹ 1,06,830 granted to the States
\nThe Ministry of Finance has released the 7th 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 <\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 0, 1st December, 2020, 7th December, 2020 and 14th December, 2020. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ed on to the States\/ UTs = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 7th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall GSTDated:- 14-12-20207th 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 … Continue reading “7th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation 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-69032","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69032","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=69032"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69032\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nThe amount released this week was the 7th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 5.1348%. So far, an amount of ₹ 42,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7712%.
\nIn addition to providing funds through the 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-I to meet GST compensation shortfall to help them in mob<\/p>\n
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\n1
\nAndhra Pradesh
\n5051
\n1055.79
\n2
\nArunachal Pradesh*
\n143
\n0.00
\n3
\nAssam
\n1869
\n454.36
\n4
\nBihar
\n3231
\n1783.74
\n5
\nChhattisgarh
\n1792
\n338.52
\n6
\nGoa
\n446
\n383.66
\n7
\nGujarat
\n8704
\n4212.94
\n8
\nHaryana
\n4293
\n1988.26
\n9
\nHimachal Pradesh
\n877
\n784.43
\n10
\nJharkhand
\n1765
\n183.90
\n11
\nKarnataka
\n9018
\n5668.31
\n12
\nKerala
\n4,522
\n956.04
\n13
\nMadhya Pradesh
\n4746
\n2075.07
\n14
\nMaharashtra
\n15394
\n5472.11
\n15
\nManipur*
\n151
\n0.00
\n16
\nMeghalaya
\n194
\n51.09
\n17
\nMizoram*
\n132
\n0.00
\n18
\nNagaland*
\n157
\n0.00
\n19
\nOdisha
\n2858
\n1746.13
\n20
\nPunjab
\n3033
\n1385.96
\n21
\nRajasthan
\n5462
\n1408.42
\n22
\nSikkim*
\n156
\n0.00
\n23
\nTamil Nadu
\n9627
\n2851.46
\n24
\nTelangana
\n5017
\n559.02
\n25
\nTripura
\n297
\n103.50
\n26
\nUttar Prad<\/p>\n
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