Central Govt. Releases 19th Installment To Meet GST Compensation Shortfall

  • On Tuesday, the Finance Minister of India Nirmala Sitharaman informed that the Central Government of India has released the 19th installment of ₹2104 crores to the states to help them meet the GST compensation shortfall.

  • The government has released ₹1.06 lakh crores up till now through a special borrowing window. The central government has released ₹97,242 crores to 23 states and ₹8861.97 crores to Delhi, Jammu & Kashmir & Puducherry.

  • Earlier, the central government had asked the states and UTs to accept ₹1.1 lakh crore GST borrowing plan to meet the GST shortfall.

  • 96% of the total amount has been transferred to the states.

  • " till now 96% GST compensation shortfall is estimated and has been released to all states and union territories" the Finance Minister said.

D9D318A1-A861-4CFD-94ED-B72F5EDD67F3_edi

Subscribe to us

Thanks for submitting!

intern%20with%20us_edited.jpg
  • Instagram
  • Twitter
  • LinkedIn
  • Facebook

INDEPENDENT.

OBJECTIVE.

UNBIASED. 

the breif bulletin logo