Lok Sabha Question No. 30 (UNSTARRED), answered on 2021-11-29
Subject: GST Compensation
Ministry: FINANCE
Asked by: Talari Rangaiah, Chinta Anuradha, Beesetti  Venkata Satyavathi, Kuruva Gorantla Madhav, Pocha Brahmananda Reddy, Midhun Reddy, Magunta Sreenivasulu Reddy

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF REVENUE

## LOK SABHA UNSTARRED QUESTION NO-30

ANSWERED ON- 29/11/2021

## GST COMPENSATION

30.  SHRI TALARI RANGAIAH: SHRI KURUVA GORANTLA MADHAV: SHRI P.V. MIDHUN REDDY: SHRI POCHA BRAHMANANDA REDDY: SHRI MAGUNTA SREENIVASULU REDDY: DR. BEESETTI VENKATA SATYAVATHI: SHRIMATI CHINTA ANURADHA:

Will the Minister of FINANCE be pleased to state:-

- (a) whether the Government has released the Goods and Services Tax (GST) compensation to the States recently;
- (b) if so, the details thereof;
- (c) whether any back to back loan amount has been released in view of the shortfall in GST compensation during the current financial year; and
- (d) if so, the details thereof?

## ANSWER

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

- (a) to (b):- Yes Sir. Recently, Centre released Rs. 17,000 crore on 03.11.2021 towards GST compensation  to  States  from  the  Compensation  Fund.  Details  of  GST  compensation released  to  States/  UTs  is  as  per  details  in  Annexure-I.  This  is  in  addition  to  GST compensation of Rs. 43,303 crore released to States and Rs. 1.59 lakh crore as back to back assistance during the current financial year. During 2020-21, Centre had released compensation of Rs. 1,36,988 crore and back to back assistance of Rs. 1.1 lakh crore.
- (c) to (d):- Yes Sir, as per decision in 43rd GST Council meeting, Centre has borrowed Rs. 1.59 lakh crores from the market through special window and passed on to the States/UTs as back-to-back loan to help the States/UTs to meet the resource gap due to shortfall in release of GST compensation as per details in Annexure-II.

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Details of GST compensation released to States/ UTs on 03.11.2021

| S. No.   | Name of State/UT   | Amount (Rs. In crore)   |
|----------|--------------------|-------------------------|
| (1)      | (2)                | (3)                     |
| 1        | Andhra Pradesh     | 543                     |
| 2        | Assam              | 160                     |
| 3        | Bihar              | 342                     |
| 4        | Chhattisgarh       | 274                     |
| 5        | Delhi              | 1155                    |
| 6        | Goa                | 163                     |
| 7        | Gujarat            | 1428                    |
| 8        | Haryana            | 518                     |
| 9        | Himachal Pradesh   | 178                     |
| 10       | J&K                | 168                     |
| 11       | Jharkhand          | 264                     |
| 12       | Karnataka          | 1603                    |
| 13       | Kerala             | 674                     |
| 14       | Madhya Pradesh     | 542                     |
| 15       | Maharashtra        | 3054                    |
| 16       | Meghalaya          | 28                      |
| 17       | Odisha             | 286                     |
| 18       | Puducherry         | 61                      |
| 19       | Punjab             | 835                     |
| 20       | Rajasthan          | 653                     |
| 21       | Tamil Nadu         | 1314                    |
| 22       | Telangana          | 279                     |
| 23       | Tripura            | 17                      |
| 24       | Uttar Pradesh      | 1417                    |
| 25       | Uttarakhand        | 270                     |
| 26       | West Bengal        | 772                     |
|          | Total              | 17000*                  |

## Details of Back to back loan released to States/ UTs in FY 2021-22

| S. No.   | Name of State/UT   | Amount (Rs in crore)   |
|----------|--------------------|------------------------|
| (1)      | (2)                | (3)                    |
| 1        | Andhra Pradesh     | 3272                   |
| 2        | Assam              | 1774                   |
| 3        | Bihar              | 6816                   |
| 4        | Chhattisgarh       | 4965                   |
| 5        | Delhi              | 6193                   |
| 6        | Goa                | 847                    |
| 7        | Gujarat            | 13040                  |
| 8        | Haryana            | 7394                   |
| 9        | Himachal Pradesh   | 2695                   |
| 10       | J&K                | 3845                   |
| 11       | Jharkhand          | 2484                   |
| 12       | Karnataka          | 18109                  |
| 13       | Kerala             | 8739                   |
| 14       | Madhya Pradesh     | 7011                   |
| 15       | Maharashtra        | 13782                  |
| 16       | Meghalaya          | 141                    |
| 17       | Odisha             | 6430                   |
| 18       | Puducherry         | 1096                   |
| 19       | Punjab             | 12132                  |
| 20       | Rajasthan          | 7268                   |
| 21       | Tamil Nadu         | 8095                   |
| 22       | Telangana          | 4569                   |
| 23       | Tripura            | 401                    |
| 24       | Uttar Pradesh      | 8140                   |
| 25       | Uttarakhand        | 3333                   |
| 26       | West Bengal        | 6425                   |
|          | Total              | 159000*                |