GST Compensation worth Rs. 52077 cr paid to States and UTs, says Shiv Pratap Shukla

GST Compensation

The Government has paid GST Compensation to the States/UTs for the reported revenue deficit on account of implementation of Goods and Services Tax (GST). As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States on account of implementation of Goods and Services Tax shall be payable during transition period and compensation payable to a State shall be provisionally calculated and released at the end of every two months during transition period of 5 years.

As per Section 4 of the said Act, financial year 2015-16 has been taken as the base year for calculating compensation amount payable to States for loss of revenue during transition period. The projected nominal growth rate of revenue subsumed for a state during the transition period shall be 14% per annum.

As per section 7(c) of the said Act, the total compensation payable in any financial year shall be difference between the projected revenue for any financial year and the actual revenue collected by a State. On this basis, the revenue loss due to implementation of GST to the states for the month of July, 2017 to March, 2018 and April to May, 2018 has been estimated to be Rs. 48178 crore (Annexure-I) and Rs. 3899 crore (Annexure-II) respectively and accordingly, States/UTs have been paid GST Compensation of Rs. 48178 crore for the period of July 2017 to March, 2018 and of Rs. 3899 crore for the period of April-May, 2018.

Details of GST Compensation released to States/ UTs for FY 2017-18.

GSTGSTGSTGSTGST
compensatcompenscompens
compensaticompensati
S.ionationationTotal (Rs.
on releasedon released
Name ofreleasedreleasedreleasedIn Crore)
No.for July andfor Sep and
State/UTfor Novfor Janfor March
Aug 2017Oct 2017
and Decand Feb2018 (Rs.
(Rs. in(Rs. in
2017 (Rs.2018 (Rs.in Crore)
Crore)Crore)
in Crore)in Crore)
(1)(2)(3)(4)(5)(6)(7)(8)
Andhra
1Pradesh116266000382
2Arunachal
Pradesh15000015
3Assam3383311520294980
4Bihar6921054373922993140
5Chhattisgarh2535622194491061589
6Delhi1154200169326
7Goa6835995029281
8Gujarat140288025211535904277
9Haryana47632503982621461
Himachal
10Pradesh005393361841059
11J & K367314127329231160
12Jharkhand313489943691031368
13Karnataka11892082859211612897535
14Kerala81039505673302102
Madhya
15Pradesh433908011701572668
16Maharashtra0834065415893077
17Manipur24000024
18Meghalaya5238201416140
19Mizoram000000
20Nagaland000000
21Odisha3336873066932452264
22Puducherry441225810952385
23Punjab113896074011995814618
24Rajasthan120570606873012899
25Sikkim000606
26Tamil Nadu530102000632
27Telangana7162000169
28Tripura3143144120149
29Uttar Pradesh190133006043082432
30Uttarakhand2234601834171491432
31West Bengal441567060001608
Total1080513694389813085669648178

Details of GST Compensation released to States/UTs for FY 2018-19

GST compensation released
S. No.Name of State/UTfor April- May, 2018 (Rs. in
Crore)
(1)(2)(3)
1Andhra Pradesh0
2Arunachal Pradesh0
3Assam0
4Bihar325
5Chhattisgarh257
6Delhi0
7Goa28
8Gujarat174
9Haryana0
10Himachal Pradesh225
11J & K147
12Jharkhand76
13Karnataka792
14Kerala67
15Madhya Pradesh130
16Maharashtra0
17Manipur0
18Meghalaya0
19Mizoram0
20Nagaland0
21Odisha282
22Puducherry79
23Punjab944
24Rajasthan106
25Sikkim0
26Tamil Nadu0
27Telangana0
28Tripura2
29Uttar Pradesh0
30Uttarakhand265
31West Bengal0
Total3899

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a Written reply to a question in Lok Sabha today.

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