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19th Instalment of Rs. 2,104 crore released to the States on Monday, 08th March, 2021 96 per cent of the estimated shortfall of Rs.1.10 lakh crore released The Ministry of Finance, Department of Expenditure has released the 19thweekly instalment of Rs. 2,104 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 2,103.95 crore has been released to 7 States and an amount of Rs. 0.05 crore has been released to the Union Territory of Puducherry. Till now,
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FAQ :
A total of Rs 1.06 lakh crore has been released to states and Union Territories to meet the GST compensation shortfall.
Ninety-six percent of the estimated GST compensation shortfall has been released to the states and Union Territories.
The funds are being provided through a special borrowing window established by the Government of India in October 2020 to cover the revenue shortfall arising from GST implementation.
The special borrowing window was set up in October 2020.
Yes, the Government of India has granted additional borrowing permission equivalent to 0.50% of Gross States Domestic Product (GSDP) to states choosing Option-I to meet the GST compensation shortfall.
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