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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

1

Jammu and Kashmir

2

Himachal Pradesh

3

Punjab

4

Chandigarh

5

Uttarakhand

6

Haryana

7

Delhi

8

Rajasthan

9

Uttar Pradesh

10

Bihar

11

Sikkim

12

Arunachal Pradesh

13

Nagaland

14

Manipur

15

Mizoram

16

Tripura

17

Meghalaya

18

Assam

19

West Bengal

20

Jharkhand

21

Odisha

22

Chhattisgarh

23

Madhya Pradesh

24

Gujarat

25

Daman and Diu

26

Dadra and Nagar Haveli

27

Maharashtra

29

Karnataka

30

Goa

32

Kerala

33

Tamil Nadu

34

Puducherry

35

Andaman & Nicobar Is.

36

Telangana

37

Andhra Pradesh

Total

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