TaxTMI 
TaxTMI 
Centre Released 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against cess collection of 95,444 crore
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....entre Released 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against cess collection of 95,444 crore <br>GST<br>Dated:- 27-7-2020<br><BR>Central Government has recently released GST Compensation of ₹ 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 relea....
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....sed for the year 2019-20 is ₹ 1,65,302 crore whereas the amount of cess collected during the year 2019-20 was ₹ 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 ₹ 33,412 crore from Consolidated Fund of India to the Compensation Fund as a part of an exercise to....
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.... 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 ....
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.... 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....
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.... Uttar Pradesh 9123 30 Uttarakhand 3375 31 West Bengal 6200 Total 165302<BR> News - Press release - PIB....