Rs. 30,000 Crore as GST Compensation Released And Rs. 28,000 Crore as IGST Ad-Hoc Settlement to States

Centre releases Rs. 30,000 crore as GST Compensation as well as Rs. 28,000 crore as IGST ad-hoc settlement to the States/UTs

Rs. 30,000 Crore as GST Compensation Released And Rs. 28,000 Crore as IGST Ad-Hoc Settlement to States

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The Central Government has released GST Compensation of Rs. 30,000 crore to States as part compensation admissible for FY 2020-21 on 27th March, 2021. The total amount of compensation released so far for the year 2020-21 is Rs. 70,000 crore. As per the decision of GST Council, back to back loan of Rs. 1,10,208 crore has also been released in lieu of shortfall in release of GST Compensation for FY 2020-21. In addition to above, Centre has also released Rs. 28,000 crore (Rs. 14,000 crore to States and Rs. 14,000 crore to Centre) by way of adhoc settlement of IGST on 30th March’ 2021.

Taking into account the release of GST Compensation, back to back loan and adhoc IGST settlement, balance of only Rs. 63,000 crore approx. GST Compensation is pending to States/UTs for FY 2020-21.

The tables below show the State-wise GST compensation/ IGST Settlement released for the Financial Year 2020-21: –

Sl No.Name of State/UTGST compensation released on 27th March, 2021 (Rs. in crore)
1Andhra Pradesh742.4966
2Assam307.9853
3Bihar818.4947
4Chhattisgarh635.2455
5Delhi1748.0955
6Goa245.6173
7Gujarat2574.1625
8Haryana1020.4681
9Himachal Pradesh338.4121
10J & K418.6783
11Jharkhand461.3584
12Karnataka2970.1239
13Kerala1378.1551
14Madhya Pradesh1107.8935
15Maharashtra4446.3056
16Meghalaya41.9917
17Odisha785.8651
18Puducherry140.0184
19Punjab1707.4805
20Rajasthan1176.0441
21Sikkim3.7173
22Tamil Nadu2192.9325
23Telangana770.5828
24Tripura47.2235
25Uttar Pradesh2094.4929
26Uttarakhand516.9803
27West Bengal1309.1785
 Total30000

 

State CodeName of the State / UTAdhoc IGST Settlement released on 30th March, 2021 (Rs. in crore )
1Jammu and Kashmir167
2Himachal Pradesh127
3Punjab523
4Chandigarh40
5Uttarakhand173
6Haryana532
7Delhi587
8Rajasthan600
9Uttar Pradesh1167
10Bihar441
11Sikkim9
12Arunachal Pradesh9
13Nagaland9
14Manipur12
15Mizoram7
16Tripura28
17Meghalaya22
18Assam209
19West Bengal703
20Jharkhand224
21Odisha386
22Chhattisgarh257
23Madhya Pradesh536
24Gujarat1009
25Daman and Diu23
26Dadra and Nagar Haveli27
27Maharashtra2115
29Karnataka1263
30Goa76
32Kerala588
33Tamil Nadu1041
34Puducherry38
35Andaman & Nicobar Is.4
36Telangana563
37Andhra Pradesh485
 Total14,000
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