Centre releases Rs. 17,000 crore of GST compensation to States/UTs

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..... Centre releases Rs. 17,000 crore of GST compensation to States/UTs
GST
Dated:- 25-11-2022

The Central Government released an amount of Rs. 17,000 crore to States/UTs on 24.11.2022 towards the balance GST compensation for the period April to June, 2022 (State-wise details as per Table below). The total amount of compensation released to the States/UTs so far, including the aforesaid a .....

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..... mount, during the year 2022-23 is Rs.1,15,662 crore. This is despite the fact that total Cess collection till October, 2022 is only Rs.72,147 crore and the balance of Rs. 43,515 crore is being released by the Centre from its own resources. With this release, the Centre has released, in advance, the entire amount of Cess estimated to be collected this year till March-end available for payment of c .....

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..... ompensation to States. This decision was taken to assist the States in managing their resources and ensuring that their programmes especially the expenditure on capital is carried out successfully during the financial year. Even in May this year, the Central Government had released Rs. 86,912 crore as provisional GST compensation to States for the period Feb-May'2022 despite the fact that there w .....

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..... as only about Rs. 25,000 crore in the GST Compensation Fund, by making arrangement of funds of around Rs. 62,000 crore from its own resources. Name of the State/UT (Rs. in crore) Andhra Pradesh 682 Assam 192 Bihar 91 Chhattisgarh 500 Delhi 1,200 Goa 119 Gujarat 856 Haryana 622 Himachal Pradesh 226 Jammu and Kashmir 208 Jharkhand 338 Karnataka 1,915 Kerala 773 Madhya Pr .....

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..... adesh 722 Maharashtra 2,081 Odisha 524 Puducherry 73 Punjab 984 Rajasthan 806 Tamil Nadu 1,188 Telangana 542 Uttar Pradesh 1,202 Uttarakhand 342 West Bengal 814 Total 17,000
News - Press release - PIB .....

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