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    August 7, 2026
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Show AI Summary
    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
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    Show AI Summary
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    Show AI Summary
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    Show AI Summary
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    Show AI Summary
    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
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    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
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      GST

      GST Compensation to States

      August 11, 2018

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      Government has compensated to the States/UTs for the reported revenue deficit on account of implementation of Goods and Services Tax (GST). As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States on account of implementation of Goods and Services Tax shall be payable during transition period and compensation payable to a State shall be provisionally calculated and released at the end of every two months during transition period of 5 years.

             As per Section 4 of the said Act, financial year 2015-16 has been taken as the base year for calculating compensation amount payable to States for loss of revenue during transition period. The projected nominal growth rate of revenue subsumed for a state during the transition period shall be 14% per annum.

             As per section 7(c) of the said Act, the total compensation payable in any financial year shall be difference between the projected revenue for any financial year and the actual revenue collected by a State. On this basis, the revenue loss due to implementation of GST to the states for the month of July, 2017 to March, 2018 and April to May, 2018 has been estimated to be ₹ 48178 crore (Annexure-I) and ₹ 3899 crore (Annexure-II) respectively and accordingly, States/UTs have been paid GST Compensation of ₹ 48178 crore for the period of July 2017 to March, 2018 and of ₹ 3899 crore for the period of April-May, 2018.

      Annexure-I

      Details of GST Compensation released to States/ UTs for FY 2017-18.

      S. No.

       Name of State/UT

        

      GST Compensate on released for July and Aug 2017 (Rs. In Crore)

       

      GST compensation released for Sep and Oct 2017 (Rs. In Crore)

       

      GST Compensation released for Nov and Dec 2017 (Rs. in Crore)

      GST Compens ation released for Jan and Feb 2018 (Rs. in Crore)

      GST Compens ation released for March 2018 (Rs. in Crore)

       

       

      Total (Rs. In Crore)  

      (1)

      (2)

      (3)

      (4)

      (5)

      (6)

      (7)

      (8)

       

      Andhra

       

       

       

       

       

       

      1

      Pradesh

      116

      266

      0

      0

      0

      382

      2

      Arunachal

       

       

       

       

       

       

      Pradesh

      15

      0

      0

      0

      0

      15

       

      3

      Assam

      338

      331

      15

      202

      94

      980

      4

      Bihar

      692

      1054

      373

      922

      99

      3140

      5

      Chhattisgarh

      253

      562

      219

      449

      106

      1589

      6

      Delhi

      115

      42

      0

      0

      169

      326

      7

      Goa

      68

      35

      99

      50

      29

      281

      8

      Gujarat

      1402

      880

      252

      1153

      590

      4277

      9

      Haryana

      476

      325

      0

      398

      262

      1461

       

      Himachal

       

       

       

       

       

       

      10

      Pradesh

      0

      0

      539

      336

      184

      1059

      11

      J & K

      367

      314

      127

      329

      23

      1160

      12

      Jharkhand

      313

      489

      94

      369

      103

      1368

      13

      Karnataka

      1189

      2082

      859

      2116

      1289

      7535

      14

      Kerala

      810

      395

      0

      567

      330

      2102

       

      Madhya

       

       

       

       

       

       

      15

      Pradesh

      433

      908

      0

      1170

      157

      2668

      16

      Maharashtra

      0

      834

      0

      654

      1589

      3077

      17

      Manipur

      24

      0

      0

      0

      0

      24

      18

      Meghalaya

      52

      38

      20

      14

      16

      140

      19

      Mizoram

      0

      0

      0

      0

      0

      0

      20

      Nagaland

      0

      0

      0

      0

      0

      0

      21

      Odisha

      333

      687

      306

      693

      245

      2264

      22

      Puducherry

      44

      122

      58

      109

      52

      385

      23

      Punjab

      1138

      960

      740

      1199

      581

      4618

      24

      Rajasthan

      1205

      706

      0

      687

      301

      2899

      25

      Sikkim

      0

      0

      0

      6

      0

      6

      26

      Tamil Nadu

      530

      102

      0

      0

      0

      632

      27

      Telangana

      7

      162

      0

      0

      0

      169

      28

      Tripura

      31

      43

      14

      41

      20

      149

      29

      Uttar Pradesh

      190

      1330

      0

      604

      308

      2432

      30

      Uttarakhand

      223

      460

      183

      417

      149

      1432

      31

      West Bengal

      441

      567

      0

      600

      0

      1608

       

      Total

      10805

      13694

      3898

      13085

      6696

      48178

       Annexure-II

      Details of GST Compensation released to States/UTs for FY 2018-19

       S. No.

       

       Name of State/UT

       

      GST compensation released for April- May, 2018 (Rs. In Crore) 

      (1)

      (2)

      (3)

      1

      Andhra Pradesh

      0

      2

      Arunachal Pradesh

      0

      3

      Assam

      0

      4

      Bihar

      325

      5

      Chhattisgarh

      257

      6

      Delhi

      0

      7

      Goa

      28

      8

      Gujarat

      174

      9

      Haryana

      0

      10

      Himachal Pradesh

      225

      11

      J & K

      147

      12

      Jharkhand

      76

      13

      Karnataka

      792

      14

      Kerala

      67

      15

      Madhya Pradesh

      130

      16

      Maharashtra

      0

      17

      Manipur

      0

      18

      Meghalaya

      0

      19

      Mizoram

      0

      20

      Nagaland

      0

      21

      Odisha

      282

      22

      Puducherry

      79

      23

      Punjab

      944

      24

      Rajasthan

      106

      25

      Sikkim

      0

      26

      Tamil Nadu

      0

      27

      Telangana

      0

      28

      Tripura

      2

      29

      Uttar Pradesh

      0

      30

      Uttarakhand

      265

      31

      West Bengal

      0

       

      Total

      3899

      This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a Written reply to a question in Lok Sabha.

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