File photo of the first GST Day on July 1, 2018
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New Delhi: The Central Government has recently released GST Compensation of Rs. 13,806 crore to States for March 2020.
Taking this amount into account, entire compensation upto 2019-20 has been released to States, the Ministry of Finance stated here on Monday.
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, balance of cess amount collected during 2017-18 and 2018-19 was also utilised. In addition, Centre had transferred Rs. 33,412 crore from Consolidated Fund of India to the Compensation Fund as a part of an exercise to apportion balance of IGST pertaining to 2017-18.
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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 |
– globalbihari bureau
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