Lok Sabha Question No. 150 (UNSTARRED), answered on 2021-11-29
Subject: Economic Recovery
Ministry: FINANCE
Asked by: Komati Reddy Venkat Reddy

## Government of India Ministry of Finance Department of Revenue

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## LOK SABHA UNSTARRED QUESTION No.150

TO BE ANSWERED ON MONDAY, NOVEMBER 29, 2021 Agrahayana 8, 1943 (Saka)

## Economic Recovery

## 150: SHRI KOMATI REDDY VENKAT REDDY:

Will the Minister of Finance be pleased to state:

- (a) whether the latest string of official numbers, including almost-record GST collections, healthy direct tax inflows, strong manufacturing and exports, provide some confidence that the economy has lurched back from the danger zone for the second time in less than a year owing to the COVID-19 pandemic but the healing is still too uneven; and
- (b) if so, the details thereof and the present status of GST collections, the GST released to States/pending to each State and the reasons for their pendency till date?

## ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

- (a)  &  (b):  The  gross  GST  Collection  in  FY  2021-22  post  Covid-19  outbreak  are  showing  an  increasing trend. The gross GST collection for FY 2020-21 and 2021-22 (till Oct 2021) are as under: -

| Month     |   FY 2020-21(Rs. In crore) | FY 2021-22 (Rs. In crore)   |
|-----------|----------------------------|-----------------------------|
| April     |                      32172 | 139708                      |
| May       |                      62151 | 102709                      |
| June      |                      90918 | 92849                       |
| July      |                      87422 | 116393                      |
| August    |                      86449 | 112020                      |
| September |                      95480 | 117010                      |
| October   |                     105155 | 130127                      |
| November  |                     104963 |                             |
| December  |                     115174 |                             |
| January   |                     119875 |                             |
| February  |                     113143 |                             |
| March     |                     123902 |                             |
| Total     |                    1136805 | 810816                      |

The Gross Direct Tax collection figures for the FY 2021-22 as on 23.11.2021 are at Rs. 815262.7 crores showing a growth of 48.11% and 18.15% over the Gross collection figures for the corresponding period in FY 2021-22 and FY 2019-20, respectively.

The Net Direct Tax Collection figures for  the  FY-  2021-22  as  on  23.11.2021  are  at  Rs.  692833.6  crores showing a growth of 67.93% and 27.29% over the Net collection figures for the corresponding period FY 2020-21 and FY 2019-20, respectively as per Annexure-I

The  GST  compensation  cess  levied  under  Section  8  of  the  GST  (Compensation  to  States)  Act,  2017  is transferred  into  a  non-lapsable  Fund  known  as  GST  Compensation  Fund  which  forms  part  of  the  Public Account of India as provided in Section 10(1) of the Act. The States are being compensated for any loss of revenue arising on account of implementation of GST for five years out of the Compensation Fund as per Section  10(2)  of  the  said  Act.  GST  compensation  for  financial  years  2017-18,  2018-19  and  2019-20  has already  been  paid  to  the  states.  The  economic  impact  of  the  pandemic  has  led  to  higher  compensation requirement due to lower GST collection and at the same time lower collection of GST compensation cess. GST  compensation  of  Rs.  1,30,464  crore  has  been  released  to  all  States/  UTs  to  partly  meet  the compensation payable for the period April'20 to March'21as the amount in GST Compensation Fund was not  adequate  to  meet  the  full  compensation  requirement.  This  issue  of  shortfall  in  release  in  GST compensation was deliberated in 41 st & 42 nd GST Council meetings and accordingly, Centre had borrowed loan of Rs. 1.1 lakh crore from open market and passed on as back-to-back loan to States/UTs to meet their resource gap due to short release of GST Compensation for FY 2020-21. Similarly, as per deliberation in 43rd GST Council meeting, Centre has borrowed Rs. 1.59 lakh crore loan and passed on to the States/UTs as was done in last  year.  Taking into account  GST  compensation released to  States  as  well  as  back-to-back loan, pending GST compensation to States/UTs is as per Annexure II .

Annexure-I

GROSS, REFUND & NET COLLECTION AND GROWTH (AS ON 23 rd  November)

(Fig. in Rs. Crores)

| (Till 23.11.2021)   | F.Y. 2021-22 (Till 23.112021)   | F.Y. 2020-2021 (Till23.11.2020)   | Growth %   |
|---------------------|---------------------------------|-----------------------------------|------------|
| Gross Collection    | 815262.7                        | 550448.5                          | 48.11%     |
| Refund              | 122429.1                        | 137885.7                          | -11.21%    |
| Net                 |                                 |                                   | 67.93%     |
| Collection          | 692833.6                        | 412562.8                          |            |

| (Till 23.11.2021)   |   F.Y. 2021-22 (Till 23.112021) |   F.Y. 2019-2020 (Till23.11.2019) | Growth %   |
|---------------------|---------------------------------|-----------------------------------|------------|
| Gross Collection    |                          815263 |                            690006 | 18.15%     |
| Refund              |                          122429 |                            145719 | -15.98%    |
| Net Collection      |                          692834 |                            544287 | 27.29%     |

Source:OLTAS

## Details of GST compensation released and pending to be released (as on 24.11.2021)

## Annexure-II

(in Rs. Crore)

| S. No.   | Name of State/UT   | Total GST compensation released   | Back to back loan in FY 2020-21   | Back to back loan in FY 2021-22   | Total GST compensation pending till Sept, 2021   |
|----------|--------------------|-----------------------------------|-----------------------------------|-----------------------------------|--------------------------------------------------|
| (1)      | (2)                | (3)                               | (4)                               | (5)                               | (6)                                              |
| 1        | Andhra Pradesh     | 7672                              | 2311                              | 3272                              | 1583                                             |
| 2        | Arunachal Pradesh  | 21                                | 0                                 | 0                                 | 0                                                |
| 3        | Assam              | 4243                              | 994                               | 1774                              | 430                                              |
| 4        | Bihar              | 14687                             | 3905                              | 6816                              | 754                                              |
| 5        | Chhattisgarh       | 10945                             | 3109                              | 4965                              | 309                                              |
| 6        | Delhi              | 21199                             | 5865                              | 6193                              | 4647                                             |
| 7        | Goa                | 2911                              | 840                               | 847                               | 754                                              |
| 8        | Gujarat            | 36879                             | 9222                              | 13040                             | 3145                                             |
| 9        | Haryana            | 16306                             | 4352                              | 7394                              | 1141                                             |
| 10       | Himachal Pradesh   | 6994                              | 1717                              | 2695                              | 391                                              |
| 11       | J&K                | 7571                              | 2272                              | 3845                              | 371                                              |
| 12       | Jharkhand          | 6728                              | 1689                              | 2484                              | 669                                              |
| 13       | Karnataka          | 50734                             | 12407                             | 18109                             | 3528                                             |
| 14       | Kerala             | 19324                             | 5766                              | 8739                              | 1484                                             |
| 15       | Madhya Pradesh     | 17102                             | 4542                              | 7011                              | 1194                                             |
| 16       | Maharashtra        | 53371                             | 11977                             | 13782                             | 13153                                            |
| 17       | Manipur            | 46                                | 0                                 | 0                                 | 0                                                |
| 18       | Meghalaya          | 572                               | 112                               | 141                               | 122                                              |
| 19       | Mizoram            | 11                                | 0                                 | 0                                 | 0                                                |
| 20       | Nagaland           | 14                                | 0                                 | 0                                 | 0                                                |
| 21       | Odisha             | 14732                             | 3822                              | 6430                              | 630                                              |
| 22       | Puducherry         | 2589                              | 742                               | 1096                              | 134                                              |
| 23       | Punjab             | 32269                             | 8359                              | 12132                             | 1838                                             |
| 24       | Rajasthan          | 17154                             | 4604                              | 7268                              | 1439                                             |
| 25       | Sikkim             | 41                                | 0                                 | 0                                 | 1                                                |
| 26       | Tamil Nadu         | 28532                             | 6241                              | 8095                              | 4943                                             |
| 27       | Telangana          | 6927                              | 2380                              | 4569                              | 615                                              |
| 28       | Tripura            | 796                               | 226                               | 401                               | 37                                               |
| 29       | Uttar Pradesh      | 22115                             | 6007                              | 8140                              | 5441                                             |
| 30       | Uttarakhand        | 9173                              | 2316                              | 3333                              | 595                                              |
| 31       | West Bengal        | 16551                             | 4431                              | 6425                              | 2451                                             |
|          | Total              | 428211                            | 110208                            | 159000                            | 51798                                            |