Centre releases Rs. 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against Cess collection of Rs. 95,444 cr

The Central Government has recently released the GST Compensation of Rs. 13,806 crore to States for March’2020. Taking this amount into account, entire compensation up to 2019-20 has been released to States. The total amount of compensation released for the year 2019-20 is Rs. 1,65,302 crore whereas the amount of cess collected during the year 2019-20 was Rs. 95,444 crore.
To release the compensation for 2019-20, the balance of cess amount collected during 2017-18 and 2018-19 was also utilized. In addition, the Centre had transferred Rs. 33,412 crore from the Consolidated Fund of India to the Compensation Fund as a part of an exercise to apportion the balance of IGST pertaining to 2017-18.
The table below shows the State-wise GST compensation released for the Financial Year 2019-20: -
S.No | Name of State/UT | GST compensation released to States/Uts for FY 2019-20 (Rs. in Crore) |
1 | Andhra Pradesh | 3028 |
2 | Arunachal Pradesh | 0 |
3 | Assam | 1284 |
4 | Bihar | 5464 |
5 | Chattisgarh | 4521 |
6 | Delhi | 8424 |
7 | Goa | 1093 |
8 | Gujarat | 14801 |
9 | Haryana | 6617 |
10 | Himachal Pradesh | 2477 |
11 | J & K | 3281 |
12 | Jharkhand | 2219 |
13 | Karnataka | 18628 |
14 | Kerala | 8111 |
15 | Madhya Pradesh | 6538 |
16 | Maharashtra | 19233 |
17 | Manipur | 0 |
18 | Meghalaya | 157 |
19 | Mizoram | 0 |
20 | Nagaland | 0 |
21 | Odisha | 5122 |
22 | Puducherry | 1057 |
23 | Punjab | 12187 |
24 | Rajasthan | 6710 |
25 | Sikkim | 0 |
26 | Tamil Nadu | 12305 |
27 | Telangana | 3054 |
28 | Tripura | 293 |
29 | Uttar Pradesh | 9123 |
30 | Uttarakhand | 3375 |
31 | West Bengal | 6200 |
Total | 165302 |