Live
- Sudanese army recaptures capital of Sinnar State in central Sudan
- Kishkindha Kaandam Review: Some movies prove not to compromise in having a good cinematic experience and this is one of them
- Son-rise: Hemant Soren grows taller as tribal leader, makes father proud
- ISL 2024-25: 10-man NorthEast United FC hold on to take three points vs Punjab FC
- BGT 2024-25: Jaiswal’s application, commitment to form a partnership was so impressive, says Gilchrist
- BGT 2024-25: Personally, I am very happy with my performance, says Harshit Rana
- Pakistan's Lahore remains world's most polluted city despite light drizzle
- Asha Nautiyal retains Kedarnath for BJP, to be back as MLA after 12 years
- India leads world in science, innovation research: Minister
- Flash flood in Indonesia's South Tapanuli claims two lives
Centre releases 15th instalment of Rs 6,000 crore to States to meet GST compensation shortfall
Centre releases 15th instalment of Rs 6,000 crore to States to meet GST compensation shortfall
The Ministry of Finance has released the 15th weekly instalment of Rs 6,000 crore to the States to meet the GST compensation shortfall. Out of this,...
The Ministry of Finance has released the 15th weekly instalment of Rs 6,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of over Rs 5,516 crore has been released to 23 States and an amount of nearly Rs 483 crore to Delhi, Jammu and Kashmir and Puducherry. The Finance Ministry in a statement said, the remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation.
It said, till now, 81 per cent of the total estimated GST compensation shortfall has been released to the States and UTs with the Legislative Assembly. Out of this, an amount of over Rs 82,132 crore has been released to the States and an amount of nearly Rs 7,867 crore to the 3 UTs.
The Government of India had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 Lakh crore in revenue arising on account of implementation of GST. The borrowings are being done through this window by the Government of India on behalf of the States and UTs. 15 rounds of borrowings have been completed so far starting from October 23, 2020.
