Quick Summary
A total amount of Rs.60,000 crore released so far to all States and UTs with legislation This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States The Ministry of Finance has released the 10thweekly instalment of Rs.6,000 crore to the States to meet the
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The latest instalment released was Rs.6,000 crore.
A total of Rs.60,000 crore has been released to states and UTs so far.
The shortfall is being funded through a special borrowing window established by the government, with the borrowings being done on behalf of the states and UTs.
Arunachal Pradesh, Manipur, Mizoram, Nagaland, and Sikkim did not receive funds as they do not have a revenue gap due to GST implementation.
States have been granted additional borrowing permission equivalent to 0.50% of their Gross State Domestic Product (GSDP), amounting to Rs.1,06,830 crore.
CAclubindia
