Chhattisgarh gets Rs 4521 crore as GST compensation

NewsR Staff

Chhattisgarh has received Rs 4,521 crore from the centre as GST compensation against the cess collection in the financial year 2019-20.

The Central Government has recently released Goods and Services Tax (GST) Compensation of Rs. 13,806 crore to the States for March 2020. Taking this amount into account, entire compensation upto 2019-20 has been released to States. 

The total amount of compensation released for the year 2019-20 is Rs. 1,65,302 crore whereas the amount of cess collected during the year 2019-20 was Rs. 95,444 crore. To release the compensation for 2019-20, balance of cess amount collected during 2017-18 and 2018-19 was also utilised.

In addition, Centre had transferred Rs. 33,412 crore from Consolidated Fund of India to the Compensation Fund as a part of an exercise to apportion balance of IGST pertaining to 2017-18.

Maharashtra received the maximum Rs 19,233 crore GST Compensation cess from the centre followed by Karnataka (Rs 18,628 crore), Gujarat (Rs 14,801 crore), Tamil Nadu (Rs 12,305 crore) and Punjab (Rs 12,187 crore). While Delhi received Rs 8, 424 crore, Bihar got Rs 5,464 crore, Haryana 6,617 crore while Kerala and Madhya Pradesh received Rs 8,111 crore and Rs 6,538 crore respectively.

The table below shows the State-wise GST compensation released for the Financial Year 2019-20: –