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18th Instalment of Rs. 4,000 crore released to the States on Monday, 1st March, 2021 94 percent of the estimated shortfall released The Ministry of Finance, Department of Expenditure has on Friday, released the 18thweekly instalment of Rs. 4,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 3,677.74 crore has been released to 23 States and an amount of Rs. 322.26 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (D
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FAQ :
As of March 1st, 2021, a total of Rs 1.04 lakh crore has been released to states and union territories to meet the GST compensation shortfall.
The 18th weekly instalment, released on March 1st, 2021, amounted to Rs 4,000 crore.
The central government established a special borrowing window in October 2020 to borrow funds on behalf of states and union territories to meet the estimated shortfall.
Ninety-four percent of the total estimated GST compensation shortfall has been released to the states and union territories with legislative assemblies.
Yes, Arunachal Pradesh, Manipur, Mizoram, Nagaland, and Sikkim have not received funds as they do not have a revenue gap due to GST implementation.
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