 "96% of GST compensation shortfall to states released so far, shows data")
The Centre on Monday transferred Rs 2,104 crore in the 19th installment of goods and services tax (GST) compensation shortfall to states and Union Territories (UTs), which is about 96 per cent of the estimates.
The total amount released so far stands at Rs 1.06 trillion of the Rs 1.1-trillion shortfall estimated under the special borrowing window, put in place in October 2020.
While the states have received Rs 97,242.03 crore, three UTs — Delhi, Puducherry, and Jammu and Kashmir — have got Rs 8,861.97 crore. Under the special window, the Centre has been borrowing in Government Stock with a tenure of three years and five years on behalf of states.
With the current release, the proportionate pending GST shortfall with respect to borrowing under five-year tenor has been concluded for 23 states and three UTs with legislature.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%