Central Government releases ₹ 6,000 crore as second tranche to 16 states and 3 Union Territories on account of GST compensation under Special Borrowing Window

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..... Central Government releases ₹ 6,000 crore as second tranche to 16 states and 3 Union Territories on account of GST compensation under Special Borrowing Window - Goods and Services Tax - GST Dated:- 2-11-2020 - News - Central Government releases ₹ 6,000 crore as second tranche to 16 states and 3 Union Territories on account of GST compensation under Special Borrowing Window Mini .....

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..... stry of Finance has facilitated loans of ₹ 12,000 crore till date under the Special Window to States/UTs The Ministry of Finance, Government of India, under its Special Window to States for meeting the GST Compensation Cess shortfall, will be releasing an amount of ₹ 6000 crore as second tranche to 16 States and 3 Union Territories today . This amount was raised at a weighte .....

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..... d average yield of 4.42 per cent . This amount will be passed on to the States/UTs at the same interest rate, which is lower than the cost of borrowings for the States and UTs, thus benefitting them. Ministry of Finance has facilitated loans of ₹ 12,000 crore till date under the Special Window to States/UTs. 21 States and 3 Union Territories till date, have opted for the Special W .....

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..... indow under Option I. The loans raised by GoI are released on a back-to-back basis to States/UTs, in lieu of GST Compensation Cess releases. The loans have been released to the following States and Union Territories - Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand, UT .....

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..... of Delhi, UT of Jammu and Kashmir and UT of Puducherry. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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