Ministry of Finance
azadi ka amrit mahotsav

Centre releases Rs. 17,000 crore of GST compensation to States/UTs

Posted On: 25 NOV 2022 4:11PM by PIB Delhi

The Central Government released an amount of Rs. 17,000 crore to States/UTs on 24.11.2022 towards the balance GST compensation for the period April to June, 2022 (State-wise details as per Table below). The total amount of compensation released to the States/UTs so far, including the aforesaid amount, during the year 2022-23 is Rs.1,15,662 crore.

This is despite the fact that total Cess collection till October, 2022 is only Rs.72,147 crore and the balance of Rs. 43,515 crore is being released by the Centre from its own resources. With this release, the Centre has released, in advance, the entire amount of Cess estimated to be collected this year till March-end available for payment of compensation to States. This decision was taken to assist the States in managing their resources and ensuring that their programmes especially the expenditure on capital is carried out successfully during the financial year.

Even in May this year, the Central Government had released Rs. 86,912 crore as provisional GST compensation to States for the period Feb-May’2022 despite the fact that there was only about Rs. 25,000 crore in the GST Compensation Fund, by making arrangement of funds of around Rs. 62,000 crore from its own resources.

Name of the State/UT

(Rs. in crore)

Andhra Pradesh

682

Assam

192

Bihar

91

Chhattisgarh

500

Delhi

1,200

Goa

119

Gujarat

856

Haryana

622

Himachal Pradesh

226

Jammu and Kashmir

208

Jharkhand

338

Karnataka

1,915

Kerala

773

Madhya Pradesh

722

Maharashtra

2,081

Odisha

524

Puducherry

73

Punjab

984

Rajasthan

806

Tamil Nadu

1,188

Telangana

542

Uttar Pradesh

1,202

Uttarakhand

342

West Bengal

814

Total

17,000

 

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RM/PPG/KMN



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