The Central Government has released GST Compensation of ₹ 17,000 crore to States today. The total amount of compensation released to the States/UTs so far including the aforesaid amount during the year 2021-22 is ₹ 60,000 crore. As per the decision of GST Council, back to back loan of ₹ 1.59 lakh crore has already been released in lieu of shortfall in release of GST Compensation during the current financial year
The table below shows the State-wise GST compensation released to States/UTs on 3rd November 2021:
Details of GST compensation released on 3rd Nov, 2021
S.No. | Name of State/ UT | GST compensation released (in crore) |
1 | Andhra Pradesh | 542.9916 |
2 | Arunachal Pradesh | 0.0000 |
3 | Assam | 159.5647 |
4 | Bihar | 342.3264 |
5 | Chhattisgarh | 274.0722 |
6 | Delhi | 1155.0933 |
7 | Goa | 163.3757 |
8 | Gujarat | 1428.4106 |
9 | Haryana | 518.1179 |
10 | Himachal Pradesh | 177.6906 |
11 | J & K | 168.4108 |
12 | Jharkhand | 264.4602 |
13 | Karnataka | 1602.6152 |
14 | Kerala | 673.8487 |
15 | Madhya Pradesh | 542.1483 |
16 | Maharashtra | 3053.5959 |
17 | Manipur | 0.0000 |
18 | Meghalaya | 27.7820 |
19 | Mizoram | 0.0000 |
20 | Nagaland | 0.0000 |
21 | Odisha | 286.0111 |
22 | Puducherry | 61.0883 |
23 | Punjab | 834.8292 |
24 | Rajasthan | 653.4479 |
25 | Sikkim | 0.3053 |
26 | Tamil Nadu | 1314.4277 |
27 | Telangana | 279.1866 |
28 | Tripura | 16.9261 |
29 | Uttar Pradesh | 1417.1820 |
30 | Uttarakhand | 270.2722 |
31 | West Bengal | 771.8195 |
| Total | 17000.00 |
GST compensation released to states, with central disbursement complemented by prior back to back loans to address shortfalls. Central Government released additional
GST Compensation of Rs. 17,000 crore on 3 November 2021, bringing total compensation disbursed in 2021 22 to Rs. 60,000 crore. The release follows GST Council decisions and is accompanied by back to back loans of Rs. 1.59 lakh crore issued in lieu of compensation shortfalls during the current financial year. A state wise schedule of allocations for the Rs. 17,000 crore tranche is provided.
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