New Delhi: The Central Government released an amount of Rs. 17,000 crores to States and Union Territories on November 24, 2022, towards the balance GST compensation for the period April to June 2022. The total amount of compensation released to the States/UTs so far, including the latest amount, during the year 2022-23 is Rs.1,15,662 crore.
The Ministry of Finance stated today that this was despite the fact that the total cess collection till October 2022 was only Rs.72,147 crore. The balance of Rs. 43,515 crores was 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 compensation 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 crores as provisional GST compensation to States for the period February-May 2022, despite the fact that there was only about Rs. 25,000 crores in the GST Compensation Fund, by making arrangements of funds of around Rs. 62,000 crores from its own resources.
State-wise details
| 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 Pradesh | 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 |
– global bihari bureau
