GST collections during the last six months

GST collections during the last six months

GOVERNMENT OF INDIA
MINISTRY OF FINANCE DEPARTMENT OF REVENUE 

RAJYA SABHA

UN-STARRED QUESTION NO-2308
ANSWERED ON- 16/03/2021

TIMELY GST PAYMENT TO STATES

2308. SHRI SANJAY RAUT

Will the Minister of FINANCE be pleased to state:-

(a) the details of GST compensation dues pending for release to States since the last six months, State-wise;

(b) the reasons for the delay in releasing compensation dues;

(c) the details of GST collections during the last six months, month-wise; and

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(d) the details of steps taken or proposed to be taken by Government for the timely GST payment to the States?

TIMELY GST PAYMENT TO STATES
ANSWER
THE MINISTER OF STATE IN MINISTRY OF FINANCE

(SHRI ANURAG SINGH THAKUR)

(a) & (b):- As per provisions in Goods and Service Tax (Compensation) Act, 2017, States are required to be paid bi-monthly compensation for revenue loss on account of implementation of GST w.e.f. 01.07.2017. Accordingly, GST compensation has already been released to the States for the FY 2017-18, 2018-19 and 2019-20 for loss of revenue due to implementation of GST (w.e.f. 01.07.2017). Further, GST compensation of ₹ 40,000 crore has been released to all States/ UTs to meet partly the bi-monthly compensation for period April-May, 2020 as GST Compensation Fund was not adequate to meet the full compensation for period April-May,2020. However, part GST Compensation dues for the bi-monthly period April-May,2020 and full GST Compensation for the bi-monthly period from June20’-January’21 is pending to all States/UTs due to inadequate amount in GST Compensation Fund during current Financial Year. This has happened mainly due to the economic impact of the pandemic that has led to higher compensation requirement due to lower GST collection and at the same time lower collection of GST Compensation Cess. Details of provisional GST compensation dues for bi-monthly period of last six months (August, 2020 to January, 2021 is as per Annexure-I.

(c):- Details of GST Collections during the last six months

Month

GST Collection (in Rs. Crore)

September, 2020

95,480

October, 2020

1,05,155

November, 2020

1,04,963

December, 2020

1,15,174

January, 2021

1,19,847

February, 2021

1,13,143

(d):- In order to meet the shortfall in GST compensation to be paid to States, under the special window, ₹ 1.1 lakh crore will be borrowed by Government of India in appropriate tranches. The amount so borrowed will be passed on to the States as loan on back-to-back basis to help the States to meet the resource gap due to non- release of compensation due to inadequate balance in the Compensation Fund. As per this decision, Central Government has released ₹ 1,06,104 crores to the States till 08.03.2021 as per Annexure-II. All States have decided to take benefit of this assistance to tide over the temporary resource gap. In addition, depending on the amount available in the Compensation Fund, Centre has also been releasing the regular GST compensation to States to make up for GST revenue shortfall. The states will be paid full GST Compensation as per GST (Compensation to States) Act, 2017 for the transition period by extending the levy of Compensation cess beyond 5 years to meet the GST revenue shortfall as well as servicing the loan borrowed through special window scheme.

Annexure-I

Details of GST compensation pending to States/UTs for bi- monthly period of last six months (August, 2020 to January, 2021

(Amount ₹ in Crore)

S.

No.

Name of State/UT

Provisional GST Compensation due for (August'20 - Jan'21)

(1)

(2)

(3)

1

Andhra Pradesh

2958

2

Arunachal Pradesh

0

3

Assam

1032

4

Bihar

3511

5

Chhattisgarh

2928

6

Delhi

8333

7

Goa

1165

8

Gujarat

11650

9

Haryana

4007

10

Himachal Pradesh

1459

11

J & K

1745

12

Jharkhand

1898

13

Karnataka

13529

14

Kerala

5769

15

Madhya Pradesh

4689

16

Maharashtra

19576

17

Manipur

0

18

Meghalaya

154

19

Mizoram

0

20

Nagaland

0

21

Odisha

3728

22

Puducherry

649

23

Punjab

8019

24

Rajasthan

5005

25

Sikkim

0

26

Tamil Nadu

9241

27

Telangana

2680

28

Tripura

204

29

Uttar Pradesh

8747

30

Uttarakhand

2344

31

West Bengal

5071

Total

130091

Annexure-II 

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Details of payment of back to back loan in lieu of GST Compensation Shortfall

(Amount ₹ in Crore)

Name of State/UT

Amount released under Special borrowing scheme (as on 08.03.2021)

Andhra Pradesh

2307

Arunachal Pradesh

0

Assam

992

Bihar

3898

Chhattisgarh

2655

Goa

838

Gujarat

9204

Haryana

4344

Himachal Pradesh

1714

Jharkhand

1442

Karnataka

12383

Kerala

4923

Madhya Pradesh

4533

Maharashtra

11954

Manipur

0

Meghalaya

112

Mizoram

0

Nagaland

0

Odisha

3815

Punjab

7138

Rajasthan

4249

Sikkim

0

Tamil Nadu

6229

Telangana

2197

Tripura

226

Uttar Pradesh

5995

Uttarakhand

2312

West Bengal

3784

UT of Delhi

5854

UT of J&K

2268

UT of Puducherry

741

Total

106104


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