GST compensation shortfall released to States reaches 1.06 lakh crore
GST
Dated:- 9-3-2021
GST compensation shortfall released to States reaches ₹ 1.06 lakh crore
\n19th Instalment of ₹ 2,104 crore released to the States on Monday, 08th March, 2021
\n96 per cent of the estimated shortfall of ₹ 1.10 lakh crore released
\nThe Ministry of Finance, Department of Expenditure has released the 19th weekly instalment of ₹ 2,104 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 2,103.95 crore has been released to 7 States and an amount of ₹ 0.05 crore has been released to the Union Territory of Puducherry.
\nTill now, 96 percent of the total estimated GST compensatio<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n f 3 years and 5 years. The borrowing made under each tenure 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 tenor has been concluded for 23 States and 3 UTs with legislature. Remaining 5 States have not GST compensation shortfall. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n \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 08.03.2021 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST compensation shortfall released to States reaches 1.06 lakh crore GSTDated:- 9-3-2021GST compensation shortfall released to States reaches ₹ 1.06 lakh crore 19th Instalment of ₹ 2,104 crore released to the States on Monday, 08th March, 2021 96 per cent of the estimated shortfall of ₹ 1.10 lakh crore released The Ministry of Finance, Department … Continue reading “GST compensation shortfall released to States reaches 1.06 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-69084","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69084","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=69084"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69084\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nThe amount released this week was the 19th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 5.8594%. So far, an amount of ₹ 1,06,104 crore has been borrowed by the Central Government through the special borrowing window at an weighted average interest rate of 4.8842%.
\nIn addition to providing funds through t<\/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
\n2654.69
\n6
\nGoa
\n446
\n838.38
\n7
\nGujarat
\n8704
\n9204.31
\n8
\nHaryana
\n4293
\n4343.62
\n9
\nHimachal Pradesh
\n877
\n1713.71
\n10
\nJharkhand
\n1765
\n1442.18
\n11
\nKarnataka
\n9018
\n12383.13
\n12
\nKerala
\n4,522
\n4923.48
\n13
\nMadhya Pradesh
\n4746
\n4533.28
\n14
\nMaharashtra
\n15394
\n1195<\/p>\n
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