Centre Released Rs. 1,65,302 Crore as GST Compensation to States/UTs
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Central Government has recently released GST Compensation of Rs. 13,806 crore to States for March’2020. Taking this amount into account, entire compensation upto 2019-20 has been released to States. The total amount of compensation released for the year 2019-20 is Rs. 1,65,302 crore whereas the amount of cess collected during the year 2019-20 was Rs. 95,444 crore.
To release the compensation for 2019-20, balance of cess amount collected during 2017-18 and 2018-19 was also utilised. In addition, Centre had transferred Rs. 33,412 crore from Consolidated Fund of India to the Compensation Fund as a part of an exercise to apportion balance of IGST pertaining to 2017-18.
The table below shows the State-wise GST compensation released for the Financial Year 2019-20: -
|
S.No |
Name of State/UT |
GST compensation released to States/Uts for FY 2019-20
(Rs. in Crore) |
|
1 |
Andhra Pradesh |
3028 |
|
2 |
Arunachal Pradesh |
0 |
|
3 |
Assam |
1284 |
|
4 |
Bihar |
5464 |
|
5 |
Chattisgarh |
4521 |
|
6 |
Delhi |
8424 |
|
7 |
Goa |
1093 |
|
8 |
Gujarat |
14801 |
|
9 |
Haryana |
6617 |
|
10 |
Himachal Pradesh |
2477 |
|
11 |
J & K |
3281 |
|
12 |
Jharkhand |
2219 |
|
13 |
Karnataka |
18628 |
|
14 |
Kerala |
8111 |
|
15 |
Madhya Pradesh |
6538 |
|
16 |
Maharashtra |
19233 |
|
17 |
Manipur |
0 |
|
18 |
Meghalaya |
157 |
|
19 |
Mizoram |
0 |
|
20 |
Nagaland |
0 |
|
21 |
Odisha |
5122 |
|
22 |
Puducherry |
1057 |
|
23 |
Punjab |
12187 |
|
24 |
Rajasthan |
6710 |
|
25 |
Sikkim |
0 |
|
26 |
Tamil Nadu |
12305 |
|
27 |
Telangana |
3054 |
|
28 |
Tripura |
293 |
|
29 |
Uttar Pradesh |
9123 |
|
30 |
Uttarakhand |
3375 |
|
31 |
West Bengal |
6200 |
|
|
Total |
165302 |
RM/KMN
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