The Finance Ministry on Friday released the 15th weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall, an official statement said.Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and .
Rs 6K cr given to states to meet GST compensation shortfall
By IANS |
Published on
Wed, Feb 3 2021 14:21 IST |
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Temp GST compensation retention isn t diversion of cess: Fin Min sources. Image Source: IANS News
New Delhi, Feb 3 : Finance Ministry has released the 14th weekly instalment of Rs 6,000 crore to the states on Wednesday to meet the GST compensation shortfall.
Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an amount of Rs 483.40 crore has been released to the three union territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir, & Puducherry) who are members of the GST Council. The remaining five states Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation.
14th Installment of Rs 6,000 crore released to States to meet GST shortfall
New Delhi : The Department of Expenditure under the Ministry of Finance on Wednesday released the 14th weekly installment of Rs 6,000 crore to the States today to meet the Goods and Services Tax (GST) compensation shortfall.
Out of this, an amount of Rs 5,516.60 crore has been released to 23 States, and an amount of Rs 483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu, and Kashmir, Puducherry) who are members of the GST Council. The remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland, and Sikkim do not have a gap in revenue on account of GST implementation.
Centre releases Rs 6,000 crore to states, UTs to meet GST compensation shortfall
Total Rs 84,000 crore released to all states and UTs so far; this is in addition to borrowing permission of Rs 1,06,830 crore give to states
BusinessToday.In | February 3, 2021 | Updated 14:53 IST
Over 76 per cent of the GST compensation shortfall has already been released
The finance ministry has released the 14th weekly instalment of Rs 6,000 crore to states today to meet GST compensation shortfall. Of this, Rs 5,516.6 crore has been released to 23 states and Rs 483.40 crore to three UTs, including Delhi, Jammu & Kashmir and Puducherry. Notably, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation.