GST compensation shortfall released to States reaches 1 lakh crore
GST
Dated:- 20-2-2021
GST compensation shortfall released to States reaches ₹ 1 lakh crore
\n17th Instalment of ₹ 5,000 crore released to the States on Friday, 19th February, 2021.
\n91 percent of the estimated shortfall released.
\nThe Ministry of Finance, Department of Expenditure has on Friday, released the 17th weekly instalment of ₹ 5,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 4,730.41 crore has been released to 23 States and an amount of ₹ 269.59 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry) who are members <\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ia on behalf of the States and UTs. 17 rounds of borrowings have been completed so far starting from 23rd October, 2020. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ed to 28 States under this provision. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST compensation shortfall released to States reaches 1 lakh crore GSTDated:- 20-2-2021GST compensation shortfall released to States reaches ₹ 1 lakh crore 17th Instalment of ₹ 5,000 crore released to the States on Friday, 19th February, 2021. 91 percent of the estimated shortfall released. The Ministry of Finance, Department of Expenditure has on Friday, released … Continue reading “GST compensation shortfall released to States reaches 1 lakh crore”<\/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-69076","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69076","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=69076"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69076\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nUnder the special window, the Government of India has been borrowing in Government Stock with tenor of 3 years and 5 years. The borrowing made under each tenor is equally divided among all the States as per their GST compensation shortfall. With the current release, the proportionate pending GST shortfall with respect to borrowing under 5 years tenure has been concluded for 16 States and 2 UTs. These States\/ UTs were onboard for GST compensation release from the 1st Installment.
\nThe amount released this week was the 17th instalment of such funds provided to the States. The amount has been borrowed this week at an intere<\/p>\n
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\nThe amount of additional borrowing permission granted to 28 States and the amount of funds raised through special window and released to the States and Union Territories so far is annexed.
\nState wise additional borrowing of 0.50 percent of GSDP allowed and amount of funds raised through special window passed on to the States\/UTs till 19.02.2021
\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
\n2222.71
\n2
\nArunachal Pradesh*
\n143
\n0.00
\n3
\nAssam
\n1869
\n956.04
\n4
\nBihar
\n3231
\n3755.77
\n5
\nChhattisgarh
\n1792
\n2143.75
\n6
\nGoa
\n446
\n807.89
\n7
\nGujarat
\n870<\/p>\n
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