16th Instalment of 5,000 crore released to the States to meet the GST compensation shortfall.
GST
Dated:- 15-2-2021
16th Instalment of ₹ 5,000 crore released to the States to meet the GST compensation shortfall.
\nA total amount of ₹ 95,000 crore released so far to all States and UTs with legislature
\nThis is in addition to additional borrowing permission of ₹ 1,06,830 crore granted to the States
\nThe Ministry of Finance, Department of Expenditure has released the 16th weekly instalment of ₹ 5,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of ₹ 4,597.16 crore has been released to 23 States and an amount of ₹ 402.84 crore has been released to the 3<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n unt of implementation of GST. The borrowings are being done through this window by the Government of India on behalf of the States and UTs. 16 rounds of borrowings have been completed so far starting from 23rd October, 2020. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 21 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 16th Instalment of 5,000 crore released to the States to meet the GST compensation shortfall. GSTDated:- 15-2-202116th Instalment of ₹ 5,000 crore released to the States to meet the GST compensation shortfall. A total amount of ₹ 95,000 crore released so far to all States and UTs with legislature This is in addition to additional … Continue reading “16th Instalment of 5,000 crore released to the States 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-69073","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69073","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=69073"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69073\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nThe amount released this week was the 16th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.6480%. So far, an amount of ₹ 95,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7831%.
\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 <\/p>\n
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\n(Rs. in Crore)
\nS. No.
\nName of State \/ UT
\nAdditional borrowing of 0.50 percent allowed to States
\nAmount of fund raised through special window passed on to the States\/ UTs
\n1
\nAndhra Pradesh
\n5051
\n2167.20
\n2
\nArunachal Pradesh*
\n143
\n0.00
\n3
\nAssam
\n1869
\n932.42
\n4
\nBihar
\n3231
\n3661.70
\n5
\nChhattisgarh
\n1792
\n1833.65
\n6
\nGoa
\n446
\n787.61
\n7
\nGujarat
\n8704
\n8647.89
\n8
\nHaryana
\n4293
\n4081.14
\n9
\nHimachal Pradesh
\n877
\n1610.17
\n10
\nJharkhand
\n1765
\n996.13
\n11
\nKarnataka
\n9018
\n11634.88
\n12
\nKerala
\n4,522
\n3729.00
\n13
\nMadhya Pradesh
\n4746
\n4259.37
\n14
\nMaharashtra
\n15394
\n11231.97
\n15
\nManipur*
\n151
\n0.00
\n16
\nMeghalaya
\n194
\n104.97
\n17
\nMizoram*
\n132
\n0.00
\n18
\nNagaland*
\n157
\n0.00
\n19
\nOdisha
\n2858
\n3584.17
\n20
\nPunjab
\n3033
\n5405<\/p>\n
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