The Centre has released Rs 1.06 lakh crore to the states since October 2020 to meet GST compensation shortfall, the Finance Ministry said on Tuesday. The ministry has released the 19th weekly instalment of Rs 2,104 crore to 23 states and 3 Union Territories with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry), taking the total amount released so far under the special borrowing window set up in October last year to Rs 1.06 lakh crore. The remaining five states of Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of Goods and Services Tax (GST) implementation. So far, an amount of Rs 1,06,104 crore has been borrowed by the Central Government through the special borrowing window at an weighted average interest rate of 4.8842 per cent, the ministry said in a statement.
The ministry on Monday released the 18th weekly instalment of Rs 4,000 crore to 23 states and 3 Union territories with Legislative Assembly (Delhi, Jammu & Kashmir and Puducherry), taking the total amount released so far under the special borrowing window set up in October last year to Rs 1.04 lakh crore.
Finance Ministry has released the 18th weekly instalment of Rs 4,000 crore to the states to meet the GST compensation shortfall.Out of this, an amount of Rs 3,677.74 crore has been released to 23 States and an amount of Rs 322.26 crore has been .
The Finance Ministry has released the 17th weekly installment of Rs 5,000 crore to 23 states and 3 Union Territories to meet the GST compensation shortfall