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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 March2020.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.
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FAQ :
The Centre has released a total of £1,65,302 crore as GST compensation to states and union territories for the financial year 2019-20.
The total amount of cess collected during the financial year 2019-20 was £95,444 crore.
Yes, to release the full compensation for 2019-20, balance cess amounts collected during 2017-18 and 2018-19 were utilised. Additionally, £33,412 crore was transferred from the Consolidated Fund of India.
The Central Government released £13,806 crore as GST compensation to states for March 2020.
Maharashtra received the highest GST compensation at £19,233 crore, followed by Karnataka at £18,628 crore and Gujarat at £14,801 crore.
Arunachal Pradesh, Manipur, Mizoram, Nagaland, and Sikkim received no GST compensation in FY 2019-20.
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