Centre releases GST compensation as well as IGST ad-hoc settlement to the States/UTs

• Centre releases Rs. 30,000 crore as GST Compensation as well as Rs. 28,000 crore as IGST ad-hoc settlement to the States/UTs

The Central Government has released GST Compensation of Rs. 30,000 crore to States as part compensation admissible for FY 2020-21 on 27th March, 2021. The total amount of compensation released so far for the year 2020-21 is Rs. 70,000 crore.

As per the decision of GST Council, back to back loan of Rs. 1,10,208 crore has also been released in lieu of shortfall in release of GST Compensation for FY 2020-21. In addition to above, Centre has also released Rs. 28,000 crore (Rs. 14,000 crore to States and Rs. 14,000 crore to Centre) by way of adhoc settlement of IGST on 30th March’ 2021.
 
Taking into account the release of GST Compensation, back to back loan and adhoc IGST settlement, balance of only Rs. 63,000 crore approx. GST Compensation is pending to States/UTs for FY 2020-21.

The tables below show the State-wise GST compensation/ IGST Settlement released for the Financial Year 2020-21: -

Sl No.	Name of State/UT	GST compensation released on 27th March, 2021 (Rs. in crore)
1	Andhra Pradesh	742.4966
2	Assam	307.9853
3	Bihar	818.4947
4	Chhattisgarh	635.2455
5	Delhi	1748.0955
6	Goa	245.6173
7	Gujarat	2574.1625
8	Haryana	1020.4681
9	Himachal Pradesh	338.4121
10	J & K	418.6783
11	Jharkhand	461.3584
12	Karnataka	2970.1239
13	Kerala	1378.1551
14	Madhya Pradesh	1107.8935
15	Maharashtra	4446.3056
16	Meghalaya	41.9917
17	Odisha	785.8651
18	Puducherry	140.0184
19	Punjab	1707.4805
20	Rajasthan	1176.0441
21	Sikkim	3.7173
22	Tamil Nadu	2192.9325
23	Telangana	770.5828
24	Tripura	47.2235
25	Uttar Pradesh	2094.4929
26	Uttarakhand	516.9803
27	West Bengal	1309.1785
	Total	30000

 

State Code	Name of the State / UT	Adhoc IGST Settlement released on 30th March, 2021 (Rs. in crore )
1	Jammu and Kashmir	167
2	Himachal Pradesh	127
3	Punjab	523
4	Chandigarh	40
5	Uttarakhand	173
6	Haryana	532
7	Delhi	587
8	Rajasthan	600
9	Uttar Pradesh	1167
10	Bihar	441
11	Sikkim	9
12	Arunachal Pradesh	9
13	Nagaland	9
14	Manipur	12
15	Mizoram	7
16	Tripura	28
17	Meghalaya	22
18	Assam	209
19	West Bengal	703
20	Jharkhand	224
21	Odisha	386
22	Chhattisgarh	257
23	Madhya Pradesh	536
24	Gujarat	1009
25	Daman and Diu	23
26	Dadra and Nagar Haveli	27
27	Maharashtra	2115
29	Karnataka	1263
30	Goa	76
32	Kerala	588
33	Tamil Nadu	1041
34	Puducherry	38
35	Andaman & Nicobar Is.	4
36	Telangana	563
37	Andhra Pradesh	485
	Total	14,000