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A total amount of Rs. 48,000 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 8th weekly instalment of Rs. 6,000 crore to the States 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 3 Union Territories (UT) with
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FAQ :
A total of Rs 48,000 crore has been released to states and Union Territories so far to meet the GST compensation shortfall.
The latest, eighth instalment released is Rs 6,000 crore.
The shortfall is being met through a special borrowing window set up by the Government of India in October 2020, with borrowings made on behalf of the states and UTs.
The amount borrowed this week was at an interest rate of 4.1902%.
Arunachal Pradesh, Manipur, Mizoram, Nagaland, and Sikkim do not have a revenue gap on account of GST implementation.
States choosing Option-I to meet the GST compensation shortfall have been granted additional borrowing permission equivalent to 0.50% of their Gross State Domestic Product (GSDP), amounting to Rs 1,06,830 crore in total.
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