Lok Sabha Question No. 18 (STARRED), answered on 2023-12-04
Subject: GST Collection
Ministry: FINANCE
Asked by: Sunil Kumar Pintu, Jugal Kishore Sharma

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK SABHA STARRED QUESTION NO. 18*

TO BE ANSWERED ON MONDAY, THE 04th DECEMBER, 2023 / AGRAHAYANA 13, 1945 (SAKA)

## GST Collection

†*18. SHRI SUNIL KUMAR PINTU: SHRI JUGAL KISHORE SHARMA:

Will the Minister of FINANCE be pleased to state:

- (a) the number of installments in which the total amount of share of Goods and Services Tax (GST)  collection,  payable  for  the  financial  year  2022-23  has  been  released  to  Bihar, Maharashtra, Jharkhand, West Bengal and Jammu and Kashmir;
- (b) whether any amount of GST share payable to Bihar, Jammu and Kashmir, West Bengal and Jharkhand for the previous financial year is pending and if so, the details thereof;
- (c)  the  number  of installments  released  for distribution to  Bihar,  Maharashtra,  Jharkhand, West Bengal and Jammu and Kashmir during the current financial year;
- (d) whether there is any possibility that the States particularly Bihar, Maharashtra, Jharkhand, West Bengal and Jammu and Kashmir getting a higher share GST collection in view of the better  collection  of  GST  this  year  and  whether  the  funds  are  likely  to  be  distributed accordingly; and
- (e) if so, the details thereof?

THE MINISTER OF FINANCE (SMT. NIRMALA SITHARAMAN)

- (a) to (e): A Statement is laid on the Table of the House.

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## ANSWER

## STATEMENT REFERRED TO IN REPLY TO PARTS (a) to (e) OF LOK SABHA STARRED QUESTION NO. 18* DUE FOR ANSWER ON 04 th  DECEMBER, 2023

- (a): A total of 14 installments of devolution to the States was released for the FY 2022-23. The details of share of Goods and Services Tax (GST) collection released for FY 2022-23 is given below: -

(in Rs. Crores)

| State             | Devolution of Central GST   | SGST Collection including Regular and Adhoc settlement of IGST   |
|-------------------|-----------------------------|------------------------------------------------------------------|
| Bihar             | 26,989.02                   | 23,384.21                                                        |
| Maharashtra       | 16,950.64                   | 1,29,129.40                                                      |
| Jharkhand         | 8,873.77                    | 11,489.57                                                        |
| West Bengal       | 20,186.74                   | 39,051.78                                                        |
| Jammu and Kashmir | -                           | 7,272.22                                                         |

- (b) & (c):  As per section 18 of the Constitution (One Hundred and First Amendment) Act, 2016, compensation to the States for loss of revenue arising on account of implementation of the goods and services tax is payable for a period of five years. During transition period, the States' revenue is protected at 14% per annum over the base year revenue of 2015-16. As per the provisions of section 7(2) of Goods and Services Tax (Compensation to States) Act, 2017, enacted by Parliament, the compensation payable to a State shall be provisionally calculated and released at the end of every two months period, and shall be finally calculated for every financial year after the receipt of final revenue figures, as audited by the Comptroller and Auditor General of India. Government of India has already released the entire amount of provisionally admissible GST compensation to all States/UTs for loss of revenue arising on account of implementation of Goods and Services Tax for five years i.e., from 1st July, 2017 to 30th June, 2022. Final Compensation arising out of reconciliation of provisional figures with audited figures is released immediately on receipt of AG's certificate and no amount  other than finalization of compensation is pending for release to the states/UTs. The balance GST compensation  released  to  Bihar,  Maharashtra,  Jharkhand,  West  Bengal  and  Jammu  & Kashmir during the current financial year 2023-24 is as under: -

| State           | Amount (in Rs. crore)   |
|-----------------|-------------------------|
| Bihar           | 398.19*                 |
| Maharashtra     | 0                       |
| Jharkhand       | 165.63**                |
| West Bengal     | 0                       |
| Jammu & Kashmir | 0                       |

Further,  8  instalments  of  devolutions  have  been  released  for  FY  2023-24  (till  November, 2023).

(d)  &  (e):  GST  collection  has  been  showing  an  upward  trend  year  on  year  basis  since implementation of GST w.e.f. 1st July, 2017. GST collection rose to a record high of Rs. 1.87 lakh crore in April, 2023. Further, monthly GST collection during current financial year has crossed  Rs.  1.50  lakh  crore  mark  each  time  till  now.    The  average  gross  monthly  GST collection in the FY 2023-24 now stands at Rs. 1.66 lakh crore and is 11% per cent more than that in the same period in the previous financial year.

GST collection consists of CGST, SGST and IGST. CGST is credited to Consolidated Fund of India (CFI) while SGST is credited to the Consolidated Fund of respective States. IGST is being levied and collected by the Centre. The IGST (Domestic + Imports) so collected  is apportioned / settled between the Union and the States/UTs on monthly basis, on the basis of place of consumption and cross utilization of ITC (Input Tax Credit) as envisaged under Goods and Services Tax Settlement of Funds Rules, 2017. For the amount of IGST remaining un-apportioned, provisional/advance settlement is done from time to time on an ad-hoc basis between Centre and States/UTs in the ratio of 50:50 and among the States on the basis of monthly revenue to be protected during that Financial Year.

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