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Goods and Services Tax (GST) ,details of reasons for revenue shortfall

Goods and Services Tax (GST) ,details of reasons for revenue shortfall GOVERNMENT OF INDIA  MINISTRY OF FINANCE DEPARTMENT OF REVENUE  LOK S...

Goods and Services Tax (GST) ,details of reasons for revenue shortfall

Goods and Services Tax

GOVERNMENT OF INDIA 
MINISTRY OF FINANCE DEPARTMENT OF REVENUE 

LOK SABHA
UNSTARRED QUESTION NO- 212
TO BE ANSWERED ON MONDAY, 
14th SEPTEMBER, 2020/BHADRAPADA 23, 1942 (SAKA)

212. MS. S. JOTHIMANI:
GST Shortfall

Will the Minister of FINANCE be pleased to state:
(a) the details of reasons for revenue shortfall in the Goods and Services Tax (GST);

(b) the details of options available to the States like Tamil Nadu to meet the revenue shortfall in GST collections and the objections from the States for the options;

(c) the measures which have been taken by the Government for fulfilling its moral and legal obligation to pay the compensation for the shortfall in GST collections to the States;

(d) the State-wise details of amounts disbursed under GST compensation as of date;

(e) whether the GST cess will be extended beyond 2022 and if so, the reasons therefor; and

(f) the details of decline in GST revenue, State-wise including Tamil Nadu and the reasons therefor?

ANSWER

THE MINISTER OF STATE IN MINISTRY OF FINANCE 
(SHRI ANURAG SINGH THAKUR)

(a) & (f) Total net GST target (for centre, as per receipt budget document) has been pegged at Rs. 6,90,500 crore for 2020-21 in the general Union Budget, 2020-21. The actual net GST collection for the centre till August, 2020 is Rs. 1,81,050 crore, which shows 26.2% achievement (till August, 2020) of BE 2020-21 (the details enclosed at annexure-I).

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The BE estimates for FY 2020-21 of GST in the Union Budget, 2020-21 were projected on the basis of assumption of higher growth of GDP, however as per CSO, MoS&PI press release [on 31st August, 2020], the Nominal GDP for Q1 (April-June), 2020-21 shows a contraction of 22.6% which is one of the major reason for revenue shortfall in GST. Other reasons for low tax collection inter-alia include nationwide lockdown measures implemented since March 2020 consequent to global Covid-19 pandemic which led to limited economic activities, extension of GST return filings timelines without payment of interest, late fee or penalty etc.

(b) & (c): As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States shall be calculated and released at the end of every two months’ period, for 5 years. Accordingly, admissible GST compensation for the period April, 2019 to March, 2020 has been released to all States/ UTs including Tamil Nadu. Due to short GST Compensation Cess collection in the current financial year, GST compensation is yet to be paid for the period April-July, 2020.

Accordingly, issue of pending GST compensation and future course of action to meet the GST compensation shortfall has been discussed in 41st GST Council meeting on 27.08.2020 wherein States were given two options to meet their GST compensation shortfall for current FY from market borrowing. It was also decided that States will give their preference views thereon. Thereafter on finalization of scheme, the states can choose either Option 1 or Option 2 and accordingly, their compensation, borrowing, repayment etc. will be dealt as per their individual choice. The Chief Minister of Tamil Nadu vide his letter dated 31.8.2020 had requested the Hon’ble Prime Minister that Government of India can raise the required funds as a loan and lends it to the GST compensation fund against future cess receipts, so that the GST compensation can be paid in full to the States in 2020-21.

(d) State wise detail of GST compensation disbursed is as per Annexure II.

(e) Section 18 of Constitution (One Hundred and First Amendment) Act, 2016 provides for payment of GST compensation to the states, on the recommendation of the GST Council, for loss of revenue arising on account of implementation of GST for a period of five years.

(f) The details of decline in GST revenue (domestic) State-wise are as per Annexure-III

ANNEXURE I

GST Collection since inception
(Rs. In crore)

Tax Head

2017-18

2018-19

2019-20

2020-21

Revised Estimate (RE)

Actual

Revised Estimate (RE)

Actual

Revised Estimate (RE)

Actual

Budget Estimate (BE)

Actual[April- August] (Provisional)

CGST

221400

203261

503900

457534

514000

494070

580000

125308

IGST

161900

176688

50000

28945

-

9204

-

27580

GST

Compensation Cess

61331

62612

90000

95081

98327

95551

110500

28163

Net Collection

444631

442561

643900

581559

612327

598825

690500

181051

Source: Receipts Budget, PrCCA, CBIC

Annexure II
Details of GST Compensation
(Rs. in crore)

GST Compensation released in

S.No

Name of State/UT

FY 2017-

18

FY 2018-

19

FY 2019-

20

FY 2020-

21

Total

(1)

(2)

(3)

(4)

(5)

(6)

(7)

1

Andhra Pradesh

382

0

1840.76

1187

3410

2

Arunachal Pradesh

15

0

0.00

0

15

3

Assam

886

466

878.97

488

2719

4

Bihar

3041

2571

3524.78

2265

11402

5

Chattisgarh

1483

2261

3081.44

1877

8702

6

Delhi

157

4182

7436.00

2160

13935

7

Goa

252

476

818.70

329

1876

8

Gujarat

3687

6149

10646.52

5822

26305

9

Haryana

1199

2820

5453.43

2522

11994

10

Himachal Pradesh

539

2037

1877.33

1018

5471

11

J & K

1137

1462

2279.28

1230

6108

12

Jharkhand

1265

1029

1531.82

859

4685

13

Karnataka

6246

10754

14496.90

7266

38763

14

Kerala

1772

2884

5575.04

3514

13745

15

Madhya Pradesh

2511

2866

4530.78

2600

12508

16

Maharashtra

1488

8330

15018.13

6837

31673

17

Manipur

24

0

0.00

0

24

18

Meghalaya

124

73

101.45

65

363

19

Mizoram

0

0

0.00

0

0

20

Nagaland

0

0

0.00

0

0

21

Odisha

2019

3390

3928.78

1917

11255

22

Puducherry

333

592

862.29

338

2125

23

Punjab

4037

7129

8804.54

6310

26281

24

Rajasthan

2598

2176

4439.53

2675

11889

25

Sikkim

6

0

0.00

0

6

26

Tamil Nadu

632

3151

8922.03

5442

18147

27

Telangana

169

0

2263.16

791

3223

28

Tripura

129

155

171.00

159

614

29

Uttar Pradesh

2124

308

5179.52

3943

11555

30

Uttarakhand

1283

2037

2477.38

1452

7249

31

West Bengal

1608

1977

4358.74

2479

10423

Total

41146.00

69275.00

120498.29

65546.20

296465.49

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Annexure III

GST revenue, State-wise April-Aug 2020-21 YoY

State Code

State/UT

2019-20

2020-21

Decline in %

1

Jammu and Kashmir

1680

1169

-30.5

2

Himachal Pradesh

3390

2219

-34.5

3

Punjab

6497

4580

-29.5

4

Chandigarh

821

578

-29.5

5

Uttarakhand

6327

3760

-40.6

6

Haryana

23975

15869

-33.8

7

Delhi

18524

11907

-35.7

8

Rajasthan

13576

10066

-25.9

9

Uttar Pradesh

27170

19563

-28.0

10

Bihar

5294

4081

-22.9

11

Sikkim

916

855

-6.7

12

Arunachal Pradesh

235

199

-15.4

13

Nagaland

122

136

11.5

14

Manipur

162

120

-25.8

15

Mizoram

128

72

-43.6

16

Tripura

276

270

-2.1

17

Meghalaya

645

459

-28.9

18

Assam

4062

3171

-21.9

19

West Bengal

18389

11781

-35.9

20

Jharkhand

10091

5967

-40.9

21

Odisha

13011

9889

-24.0

22

Chhattisgarh

10266

8549

-16.7

23

Madhya Pradesh

11626

9041

-22.2

24

Gujarat

32503

22049

-32.2

25

Daman and Diu

483

270

-44.0

26

Dadra and Nagar Haveli

777

482

-38.0

27

Maharashtra

75910

52154

-31.3

29

Karnataka

34362

24763

-27.9

30

Goa

1788

1012

-43.4

31

Lakshadweep

7

6

-17.7

32

Kerala

7861

5220

-33.6

33

Tamil Nadu

30528

19797

-35.2

34

Puducherry

758

544

-28.2

35

Andaman and Nicobar Islands

151

103

-31.5

36

Telangana

15949

11762

-26.3

37

Andhra Pradesh

11187

8237

-26.4

38

Ladakh

35

-

97

Other Territory

807

617

-23.5

99

Center Jurisdiction

399

629

57.6

Grand Total

390650

271979

-30.4

Source -lok sabha

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Indian Govt Scheme - Sarkari Yojna - सरकारी योजना: Goods and Services Tax (GST) ,details of reasons for revenue shortfall
Goods and Services Tax (GST) ,details of reasons for revenue shortfall
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