10th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall.
GST
Dated:- 4-1-2021
10th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall.
\nA total amount of ₹ 60,000 crore released so far to all States and UTs with legislation
\nThis is in addition to additional borrowing permission of ₹ 1,06,830 crore granted to the States
\nThe Ministry of Finance has released the 10thweekly 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 t<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ounds. The amount borrowed so far was released to the States on 23rd October, 2020, 2nd November, 2020, 9th November, 2020, 23rd November, 2020, 1st December, 2020, 7th December, 2020, 14th December, 2020, 21st December, 2020, 28thDecember, 2020 and 04th January, 2021. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n window passed on to the States\/UTs till 04.01.2021 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 10th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. GSTDated:- 4-1-202110th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. A total amount of ₹ 60,000 crore released so far to all States … Continue reading “10th 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-69046","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69046","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=69046"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69046\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nThe amount released this week was the 10th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.1526%.So far, an amount of ₹ 60,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.6892%.
\nIn addition to providing funds through the special borrowing window to meet the shortfall in revenue on account of GST implementation, the Government of <\/p>\n
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\n(Rs. in Crore)
\nS. No.
\n Name of State \/ UT
\nAdditional borrowing of 0.50 percent allowed to States
\nAmount of fund raised through special
\nwindow passed on to the States\/ UTs
\n1
\n Andhra Pradesh
\n5051
\n1433.25
\n2
\n Arunachal Pradesh*
\n143
\n0.00
\n3
\n Assam
\n1869
\n616.72
\n4
\n Bihar
\n3231
\n2421.54
\n5
\n Chhattisgarh
\n1792
\n846.30
\n6
\n Goa
\n446
\n520.85
\n7
\n Gujarat
\n8704
\n5719.15
\n8
\n Haryana
\n4293
\n2699.05
\n9
\n Himachal Pradesh
\n877
\n1064.87
\n10
\n Jharkhand
\n1765
\n459.75
\n11
\n Karnataka
\n9018
\n7694.69
\n12
\n Kerala
\n4,522
\n1897.80
\n13
\n Madhya Pradesh
\n4746
\n2816.91
\n14
\n Maharashtra
\n15394
\n7428.29
\n15
\n Manipur*
\n151
\n0.00
\n16
\n Meghalaya
\n194
\n69.39
\n17
\n Mizoram*
\n132
\n0.00
\n18
\n Nagala<\/p>\n
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