GST compensation shortfall released to States reaches 1.04 Lakh crore
GST
Dated:- 1-3-2021
GST compensation shortfall released to States reaches ₹ 1.04 Lakh crore
\n18th Instalment of ₹ 4,000 crore released to the States on Monday, 1st March, 2021
\n94 percent of the estimated shortfall released
\nThe Ministry of Finance, Department of Expenditure has on Friday, released the 18th weekly instalment of ₹ 4,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 3,677.74 crore has been released to 23 States and an amount of ₹ 322.26 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry) who are members o<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n a on behalf of the States and UTs. 18 rounds of borrowings have been completed so far starting from 23rd October, 2020. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 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 01.03.2021 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST compensation shortfall released to States reaches 1.04 Lakh crore GSTDated:- 1-3-2021GST compensation shortfall released to States reaches ₹ 1.04 Lakh crore 18th Instalment of ₹ 4,000 crore released to the States on Monday, 1st March, 2021 94 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 1.04 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-69079","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69079","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=69079"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69079\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69079"}],"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.
\nThe amount released this week was the 18th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.7924%. So far, an amount of ₹ 1,04,000 crore has been borrowed by the Central Government through the special borrowing window at an weighted average interest rate of 4.8236%.
\nIn addition to providing funds through the speci<\/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
\n2306.59
\n2
\nArunachal Pradesh*
\n143
\n0.00
\n3
\nAssam
\n1869
\n992.12
\n4
\nBihar
\n3231
\n3897.50
\n5
\nChhattisgarh
\n1792
\n2256.59
\n6
\nGoa
\n446
\n838.38
\n7
\nGujarat
\n8704
\n9204.31
\n8
\nHaryana
\n4293
\n4343.62
\n9
\nHimachal Pradesh
\n877
\n1713.71
\n10
\nJharkhand
\n1765
\n1225.90
\n11
\nKarnataka
\n9018
\n12383.13
\n12
\nKerala
\n4,522
\n4513.40
\n13
\nMadhya Pradesh
\n4746
\n4533.28
\n14
\nMaharashtra
\n15394
\n11954.02
\n15<\/p>\n
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