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Centre releases Rs 1,65,302 Cr as GST Compensation to States

By TIOL News Service

NEW DELHI, JULY 27, 2020: Central Government has recently released GST Compensation of Rs. 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 released for the year 2019-20 is Rs. 1,65,302 crore whereas the amount of cess collected during the year 2019-20 was Rs. 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 Rs. 33,412 crore from Consolidated Fund of India to the Compensation Fund as a part of an exercise to 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

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

Uttar Pradesh

9123

30

Uttarakhand

3375

31

West Bengal

6200

 

Total

165302


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