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November 3, 2021

Centre releases Rs. 17,000 crore as GST Compensation to States/UTs

by CA Shivam Jaiswal in GST

Centre releases Rs. 17,000 crore as GST Compensation to States/UTs

The Central Government has released GST Compensation of Rs. 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 Rs. 60,000 crore. As per the decision of GST Council, back to back loan of Rs.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/ UTGST compensation released (in crore)
1Andhra Pradesh542.9916
2Arunachal Pradesh0.0000
3Assam159.5647
4Bihar342.3264
5Chhattisgarh274.0722
6Delhi1155.0933
7Goa163.3757
8Gujarat1428.4106
9Haryana518.1179
10Himachal Pradesh177.6906
11J & K168.4108
12Jharkhand264.4602
13Karnataka1602.6152
14Kerala673.8487
15Madhya Pradesh542.1483
16Maharashtra3053.5959
17Manipur0.0000
18Meghalaya27.7820
19Mizoram0.0000
20Nagaland0.0000
21Odisha286.0111
22Puducherry61.0883
23Punjab834.8292
24Rajasthan653.4479
25Sikkim0.3053
26Tamil Nadu1314.4277
27Telangana279.1866
28Tripura16.9261
29Uttar Pradesh1417.1820
30Uttarakhand270.2722
31West Bengal771.8195
 Total17000.00

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