Quick Summary
The government on Tuesday informed Rajya Sabha that GST compensation of Rs 17,176 crore is pending to states as on June 2022. Replying to supplementaries during the Question Hour, Minister of State for Finance Pankaj Chaudhary said the Centre is giving GST compensation to states for five years. He said even during Covid times when no GST was collected, the Government of India had given compensation to states after taking loans of Rs 1.1 lakh crore and 1.59 lakh crore during 2020-21 and 2021-2
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)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 011-411-70713
FAQ :
As of June 2022, a total of Rs 17,176 crore in GST compensation is pending for the states.
The information was provided by the Minister of State for Finance, Pankaj Chaudhary, to the Rajya Sabha.
Yes, the Centre provides GST compensation to states for a period of five years.
Yes, the Government of India provided compensation to states even during the COVID-19 times by taking loans, when no GST was collected.
The pending GST compensation for Tamil Nadu in June 2022 is Rs 1200.6148 crore, provided the utilisation certificate has been received.
CAclubindia
