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GST - Rs 5.5 lakh crore compensation paid to States in 5 years: MoS

By TIOL News Service

NEW DELHI, JULY 20, 2022: AS per section 18 of the Constitution (One Hundred and First Amendment) Act, 2016, Parliament shall, by law, on the recommendation of the Goods and Services Tax Council, provide for compensation to the States for loss of revenue arising on account of implementation of the goods and services tax for a period of five years. This was stated by Union Minister of State for Finance Pankaj Chaudhary in a written reply to a question in Rajya Sabha yesterday.

The Minister stated that the issue of compensation to States/UTs and augmenting resources under GST were discussed in detail in the 45th GST Council meeting held in Lucknow. Consequent to the decision of the Council, two Group of Ministers (GoMs), namely GoM on GST System Reforms and GoM on Rate Rationalization have been constituted. GoM on Rate Rationalization has submitted its interim report, recommending certain inverted duty corrections and pruning of exemptions, which was discussed and considered in the last GST Council meeting held at Chandigarh.

As a result, the Minister stated, the continued reforms in GST undertaken by Centre and States, on the recommendations of the GST Council, buoyancy in GST revenue has been achieved in the recent months. The average monthly gross GST collection for the first quarter of the FY 2022-23 has been Rs.1.51 lakh crore against the average monthly collection of Rs.1.10 lakh crore in the first quarter of the last Financial year showing an increase of 37%, the Minister stated.

The Minister stated that a few States have requested for extension of payment of GST compensation beyond transition period of five years.

The Minister further stated that as per Section 7 of the GST (Compensation to States) Act, 2017, the States are required to be compensated for loss of revenue due to implementation of GST (w.e.f. 01.07.2017) for 5 years' period. During transition period, the States' revenues are protected at 14% growth rate per annum over the base year revenue (2015-16). Accordingly, the States are being compensated for any shortfall against their protected revenue. The details of GST compensation due and released to States/ UTs for the year 2017-18 to 2022-23 is as per ANNEXURE.

Annexure

Details of GST Compensation released to States/ UTs for the year

(in Rs. Crore)

S. No
Name of State/UT
GST compensation released for FY 2017 - 18
GST compensation released for FY 2018 - 19
GST compensation released for FY 2019 - 20
GST compensation released for FY 2020 - 21
GST compensation released for FY 2021 - 22
GST compensation released for FY 2022 - 23
Total
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
1
Andhra Pradesh
619
0
3028
5220
2536
663
12067
2
Arunachal Pradesh
15
0
0
6
0
0
21
3
Assam
980
454
1306
1875
40
192
4847
4
Bihar
3140
2798
5464
4039
0
0
15441
5
Chhattisgarh
1262
2608
4538
2846
657
777
12688
6
Delhi
326
5185
8424
9808
7230
782
31755
7
Goa
281
502
1093
1395
1085
206
4562
8
Gujarat
4882
8788
15558
13719
2181
1183
46311
9
Haryana
1461
3916
6617
5453
949
376
18772
10
Himachal Pradesh
1059
2084
2619
1623
452
386
8223
11 J & K 1160 1667 3281 1834 0 0 7942
12 Jharkhand 1368 1098 2219 2625 933 452 8695
13 Karnataka 7670 12465 18628 15500 5707 2926 62896
14 Kerala 2102 3532 8111 7063 4121 1572 26501
15 Madhya Pradesh 2668 3302 6538 5788 1946 1174 21416
16 Maharashtra 3077 9363 19233 28421 13626 519 74239
17 Manipur 24 0 0 22 0 0 46
18 Meghalaya 140 66 157 270 0 0 633
19 Mizoram 0 0 0 11 0 0 11
20 Nagaland 0 0 0 14 0 0 14
21 Odisha 2348 4241 5332 4243 0 0 16165
22 Puducherry 387 693 1057 586 348 228 3299
23 Punjab 5109 8985 12187 7826 3481 2409 39997
24 Rajasthan 2899 2280 6710 6704 741 222 19556
25 Sikkim 6 0 0 36 0 0 42
26 Tamil Nadu 1018 5363 11423 12739 8169 1433 40146
27 Telangana 0 0 3054 4487.4473 296 0 7837
28 Tripura 149 172 293 219 0 0 833
29 Uttar Pradesh 2432 0 9123 13680 8028 846 34109
30 Uttarakhand 1432 2442 3375 2519 1030 419 11217
31 West Bengal 1608 2615 6200 7828 5383 1208 24842
  Total 49622 84619.40 165568 168399.73 68939 17973 555121

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