The Central Government has released GST Compensation of Rs. 17,000 Crores to States. The total amount of compensation released to the States/UTs so far including the aforesaid amount during the year 2021-22 is Rs. 60,000 Crores. As per the decision of GST Council, back-to-back loan of Rs.1.59 lakh crore has already been released in lieu of shortfall in release of GST Compensation during the current financial year
The table below shows the State-wise GST compensation released to some of the States/UTs on 3rd November 2021:
S.No | Name of States/UT’s | GST Compensation Received (in Crores) |
1. | Delhi | 1,155.09 |
2. | Gujrat | 1,428.41 |
3. | Karnataka | 1,602.62 |
4. | Maharashtra | 3,053.60 |
5. | Uttar Pradesh | 1,417.18 |