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Centre Released Rs. 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20

Posted on 28 July 2020

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Centre Released Rs. 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against cess collection of Rs. 95,444 crore

Central Government has recently released GST Compensation of Rs. 13,806 crore to States for March’2020. Taking this amount into account, entire compensation upto 2019-20 has been released to States. The total amount of compensation released for the year 2019-20 is Rs. 1,65,302 crore whereas the amount of cess collected during the year 2019-20 was Rs. 95,444 crore.

To release the compensation for 2019-20, balance of cess amount collected during 2017-18 and 2018-19 was also utilised. In addition, Centre had transferred Rs. 33,412 crore from Consolidated Fund of India to the Compensation Fund as a part of an exercise to apportion balance of IGST pertaining to 2017-18.

The table below shows the State-wise GST compensation released for the Financial Year 2019-20: -

S.No

Name of State/UT

GST compensation released to States/Uts for FY 2019-20

(Rs. in Crore)

1

Andhra Pradesh

3028

2

Arunachal Pradesh

0

3

Assam

1284

4

Bihar

5464

5

Chhattisgarh

4521

6

Delhi

8424

7

Goa

1093

8

Gujarat

14801

9

Haryana

6617

10

Himachal Pradesh

2477

11

J & K

3281

12

Jharkhand

2219

13

Karnataka

18628

14

Kerala

8111

15

Madhya Pradesh

6538

16

Maharashtra

19233

17

Manipur

0

18

Meghalaya

157

19

Mizoram

0

20

Nagaland

0

21

Odisha

5122

22

Puducherry

1057

23

Punjab

12187

24

Rajasthan

6710

25

Sikkim

0

26

Tamil Nadu

12305

27

Telangana

3054

28

Tripura

293

29

Uttar Pradesh

9123

30

Uttarakhand

3375

31

West Bengal

6200

Total

165302

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