The government on Wednesday sought Parliament’s approval for supplementary grants worth Rs 11,166.18 crore for the current fiscal year FY18 to spend additional amounts on creating awareness on the goods and services tax (GST) and payment of differential royalty state governments by the petroleum and natural gas ministry.
However, the exchequer will get a hit of Rs 10,647.45 crore; Rs 517.72 will be matched with savings on other accounts.
The first batch of supplementary demand
for grants for FY18 includes 61 grants and three appropriations.
“Approval of the Parliament
is sought to authorise gross additional expenditure of Rs 11,166.18 crore.
“Of this, the proposals involving net cash outgo aggregate to Rs 10,647.45 crore and gross additional expenditure, matched by savings of the ministries/departments or by enhanced receipts/recoveries aggregate to Rs 517.72 crore,” it said.
Besides, the government has sought nod for a token provision of Rs 1.01 crore, “one lakh for each item of expenditure, for enabling reappropriation of savings, in cases involving new service or new instrument of service”.
Out of the total Rs 11,166.18 crore, an amount of Rs 7,000 crore would go to the petroleum and natural gas ministry
for providing additional grants-in-aid general for payment of differential royalty to state governments.
Among others, a little over Rs 386 crore would be spent on activities related to the GST.
Around Rs 250 crore would be for effective publicity for GST
awareness and Rs 99.34 crore for DG systems for payment of advance user charges of the GST
Further, an amount of Rs 37.09 crore would be for the accounting portal of GST.