November 25, 2024
GST Revenue collection for February 2020; Rs 1,05,366 crore gross GST revenue collected in February
Economy

Centre Released ₹ 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20

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 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.

By Kautilya / July 30, 2020

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 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.

The table below shows the State-wise GST compensation released for the Financial Year 2019-20: –

S.NoName of State/UTGST compensation released to States/Uts for FY 2019-20   (Rs. in Crore)
1Andhra Pradesh3028
2Arunachal Pradesh0
3Assam1284
4Bihar5464
5Chattisgarh4521
6Delhi8424
7Goa1093
8Gujarat14801
9Haryana6617
10Himachal Pradesh2477
11J & K3281
12Jharkhand2219
13Karnataka18628
14Kerala8111
15Madhya Pradesh6538
16Maharashtra19233
17Manipur0
18Meghalaya157
19Mizoram0
20Nagaland0
21Odisha5122
22Puducherry1057
23Punjab12187
24Rajasthan6710
25Sikkim0
26Tamil Nadu12305
27Telangana3054
28Tripura293
29Uttar Pradesh9123
30Uttarakhand3375
31West Bengal6200
 Total165302

Source: PIB

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