Ministry of Finance
Centre Released Rs. 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against cess collection of Rs. 95,444 crore
Posted On:
27 JUL 2020 5:37PM by PIB Delhi
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
|
RM/KMN
(Release ID: 1641537)
Visitor Counter : 3224