Over Rs 2 L cr due to states towards GST

NEW DELHI: The Centre has released Rs 84,000 crore till date to states under the special borrowing window to meet GST shortfall, while the provisional GST compensation due for April-November 2020 stands at over Rs 2.06 lakh crore, Parliament was informed on Monday.

Minister of State for Finance Anurag Singh Thakur, in a written reply in the Lok Sabha, said GST compensation of Rs 40,000 crore has been released to all states/Union Territories to meet partly the bi-monthly compensation for period April-May 2020 as the GST Compensation Fund was not adequate to meet the full compensation for the period.

The balance GST compensation for the period April-May 2020 and for the full period June-November'20 is pending to all states/union territories.

In order to meet the shortfall in GST Compensation to be paid to states, under the special window, Rs 1.1 lakh crore will be borrowed by Government of India in appropriate tranches.