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Central Government releases Rs. 17,000 Crore as GST Compensation to States/UT’s

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

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