Government has compensated to the States/UTs for the reported revenue deficit on account of implementation of Goods and Services Tax (GST). As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States on account of implementation of Goods and Services Tax shall be payable during transition period and compensation payable to a State shall be provisionally calculated and released at the end of every two months during transition period of 5 years.

As per Section 4 of the said Act, financial year 2015-16 has been taken as the base year for calculating compensation amount payable to States for loss of revenue during transition period. The projected nominal growth rate of revenue subsumed for a state during the transition period shall be 14% per annum.

As per section 7(c) of the said Act, the total compensation payable in any financial year shall be difference between the projected revenue for any financial year and the actual revenue collected by a State. On this basis, the revenue loss due to implementation of GST to the states for the month of July, 2017 to March, 2018 and April to May, 2018 has been estimated to be Rs. 48178 crore (Annexure-I) and Rs. 3899 crore (Annexure-II) respectively and accordingly, States/UTs have been paid GST Compensation of Rs. 48178 crore for the period of July 2017 to March, 2018 and of Rs. 3899 crore for the period of April-May, 2018.

Annexure-I

Details of GST Compensation released to States/ UTs for FY 2017-18.

 

 

 

S. No.

 

 

 

 

 

 

 

 

 

 

 

 

Name of State/UT

 

 

 

 

 

 

GST compen-sation released for July and Aug 2017 (Rs. in Crore)

 

GST compen-sation released for Sep and Oct 2017 (Rs. in Crore)

 

GST compen-sation released for Nov and Dec 2017 (Rs. in Crore) GST compen-sation released for Jan and Feb 2018 (Rs. in Crore) GST compen-sation released for March 2018 (Rs. in Crore)

 

 

 

 

 

Total (Rs. In Crore)

 

 

 

 

 

 

 

 

(1) (2) (3) (4) (5) (6) (7) (8)
1 Andhra Pradesh 116 266 0 0 0 382
2

 

Arunachal Pradesh  

15

 

0

 

0

 

0

 

0

 

15

3 Assam 338 331 15 202 94 980
4 Bihar 692 1054 373 922 99 3140
5 Chhattisgarh 253 562 219 449 106 1589
6 Delhi 115 42 0 0 169 326
7 Goa 68 35 99 50 29 281
8 Gujarat 1402 880 252 1153 590 4277
9 Haryana 476 325 0 398 262 1461
10 Himachal Pradesh 0 0 539 336 184 1059
11 J & K 367 314 127 329 23 1160
12 Jharkhand 313 489 94 369 103 1368
13 Karnataka 1189 2082 859 2116 1289 7535
14 Kerala 810 395 0 567 330 2102
 

15

Madhya Pradesh 433 908 0 1170 157 2668
16 Maharashtra 0 834 0 654 1589 3077
17 Manipur 24 0 0 0 0 24
18 Meghalaya 52 38 20 14 16 140
19 Mizoram 0 0 0 0 0 0
20 Nagaland 0 0 0 0 0 0
21 Odisha 333 687 306 693 245 2264
22 Puducherry 44 122 58 109 52 385
23 Punjab 1138 960 740 1199 581 4618
24 Rajasthan 1205 706 0 687 301 2899
25 Sikkim 0 0 0 6 0 6
26 Tamil Nadu 530 102 0 0 0 632
27 Telangana 7 162 0 0 0 169
28 Tripura 31 43 14 41 20 149
29 Uttar Pradesh 190 1330 0 604 308 2432
30 Uttarakhand 223 460 183 417 149 1432
31 West Bengal 441 567 0 600 0 1608
Total 10805 13694 3898 13085 6696 48178

Annexure-II

Details of GST Compensation released to States/UTs for FY 2018-19

GST compensation released
S. No. Name of State/UT for April- May, 2018 (Rs. in
Crore)
(1) (2) (3)
1 Andhra Pradesh 0
2 Arunachal Pradesh 0
3 Assam 0
4 Bihar 325
5 Chhattisgarh 257
6 Delhi 0
7 Goa 28
8 Gujarat 174
9 Haryana 0
10 Himachal Pradesh 225
11 J & K 147
12 Jharkhand 76
13 Karnataka 792
14 Kerala 67
15 Madhya Pradesh 130
16 Maharashtra 0
17 Manipur 0
18 Meghalaya 0
19 Mizoram 0
20 Nagaland 0
21 Odisha 282
22 Puducherry 79
23 Punjab 944
24 Rajasthan 106
25 Sikkim 0
26 Tamil Nadu 0
27 Telangana 0
28 Tripura 2
29 Uttar Pradesh 0
30 Uttarakhand 265
31 West Bengal 0
Total 3899

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a Written reply to a question in Lok Sabha today. (PIB- 10th August 2018)

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