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Home News Goods and Services Tax - GST Month 3 2021 2021 (3) This

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

31-3-2021
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The Central Government has released GST Compensation of ₹ 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 ₹ 70,000 crore. As per the decision of GST Council, back to back loan of ₹ 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 ₹ 28,000 crore (₹ 14,000 crore to States and ₹ 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 ₹ 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/UT

GST compensation released on 27th March, 2021 (Rs. in crore)

1

Andhra Pradesh

742.4966

2

Assam

307.9853

3

Bihar

818.4947

4

Chhattisgarh

635.2455

5

Delhi

1748.0955

6

Goa

245.6173

7

Gujarat

2574.1625

8

Haryana

1020.4681

9

Himachal Pradesh

338.4121

10

J & K

418.6783

11

Jharkhand

461.3584

12

Karnataka

2970.1239

13

Kerala

1378.1551

14

Madhya Pradesh

1107.8935

15

Maharashtra

4446.3056

16

Meghalaya

41.9917

17

Odisha

785.8651

18

Puducherry

140.0184

19

Punjab

1707.4805

20

Rajasthan

1176.0441

21

Sikkim

3.7173

22

Tamil Nadu

2192.9325

23

Telangana

770.5828

24

Tripura

47.2235

25

Uttar Pradesh

2094.4929

26

Uttarakhand

516.9803

27

West Bengal

1309.1785

 

Total

30000

 

State Code

Name of the State / UT

Adhoc IGST Settlement released on 30th March, 2021 (Rs. in crore )

1

Jammu and Kashmir

167

2

Himachal Pradesh

127

3

Punjab

523

4

Chandigarh

40

5

Uttarakhand

173

6

Haryana

532

7

Delhi

587

8

Rajasthan

600

9

Uttar Pradesh

1167

10

Bihar

441

11

Sikkim

9

12

Arunachal Pradesh

9

13

Nagaland

9

14

Manipur

12

15

Mizoram

7

16

Tripura

28

17

Meghalaya

22

18

Assam

209

19

West Bengal

703

20

Jharkhand

224

21

Odisha

386

22

Chhattisgarh

257

23

Madhya Pradesh

536

24

Gujarat

1009

25

Daman and Diu

23

26

Dadra and Nagar Haveli

27

27

Maharashtra

2115

29

Karnataka

1263

30

Goa

76

32

Kerala

588

33

Tamil Nadu

1041

34

Puducherry

38

35

Andaman & Nicobar Is.

4

36

Telangana

563

37

Andhra Pradesh

485

 

Total

14,000

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