75,000 crore released to States and UTs with Legislature as GST Compensation shortfall
GST
Dated:- 15-7-2021
₹ 75,000 crore released to States and UTs with Legislature as GST Compensation shortfall
\nAlmost 50 % of the total shortfall for the entire year released in a single instalment
\nMinistry of Finance has released today ₹75,000 crore to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation. This release is in addition to normal GST compensation being released every 2 months out of actual cess collection.
\nSubsequent to the 43rd GST Council Meeting held on 28.05.2021, it was decided that the Central Government would borrow ₹1.59 lakh crore and release it to St<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n have agreed to the arrangements of funding of the compensation shortfall under the back-to-back loan facility. For effective response and management of COVID-19 pandemic and a step-up in capital expenditure all States and UTs have a very important role to play. For assisting the States\/UTs in their endeavour, Ministry of Finance has frontloaded the release of assistance under the back-to-back loan facility during FY 2021-22 ₹75, 000 crore (almost 50 % of the total shortfall for the entire year) released today in a single instalment. The balance amount will be released in the second half of 2021-22 in steady instalments. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 2.98 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 75,000 crore released to States and UTs with Legislature as GST Compensation shortfall GSTDated:- 15-7-2021₹ 75,000 crore released to States and UTs with Legislature as GST Compensation shortfall Almost 50 % of the total shortfall for the entire year released in a single instalment Ministry of Finance has released today ₹75,000 crore to the States … Continue reading “75,000 crore released to States and UTs with Legislature as 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-69136","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69136","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=69136"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69136\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nThe release of ₹75,000 crore being made now is funded from borrowings of GoI in 5-year securities, totalling <\/p>\n
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\n2342.04
\n5.
\nGoa
\n364.91
\n34.63
\n399.54
\n6.
\nGujarat
\n5618.00
\n533.10
\n6151.10
\n7.
\nHaryana
\n3185.55
\n302.28
\n3487.83
\n8.
\nHimachal Pradesh
\n1161.08
\n110.18
\n1271.26
\n9.
\nJharkhand
\n1070.18
\n101.55
\n1171.73
\n10.
\nKarnataka
\n7801.86
\n740.31
\n8542.17
\n11.
\nKerala
\n3765.01
\n357.26
\n4122.27
\n12.
\nMadhya Pradesh
\n3020.54
\n286.62
\n3307.16
\n13.
\nMaharashtra
\n5937.68
\n563.43
\n6501.11
\n14.
\nMeghalaya
\n60.75
\n5.76
\n66.51
\n15.
\nOdisha
\n2770.23
\n262.87
\n3033.10
\n16.
\nPunjab
\n5226.81
\n495.97
\n5722.78
\n17.
\nRajasthan
\n3131.26
\n297.13
\n3428.39
\n18.
\nTamil Nadu
\n3487.56
\n330.94
\n3818.50
\n19.
\nTelangana
\n1968.46
\n186.79
\n2155.25
\n20.
\nTripura
\n172.76
\n16.39
\n189.15
\n21.
\nUttar Pradesh
\n3506.94
\n332.78
\n3839.72
\n22.
\nUttarakhand
\n1435.95
\n136.26
\n15<\/p>\n
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