The 49th GST Council Meeting was held on 18th February 2023 in New Delhi under the Chairmanship of Finance Minister Nirmala Sitharaman. This meeting is being conducted within a span of three weeks from the Union Budget 2023.
The government of India has decided to clear the entire pending balance GST compensation of Rs. 16,982 crore for June’2022 as shown in the table below. Since, there is no amount in the GST compensation Fund, Centre decided to release this amount from its own resources and the same will be recouped from the future compensation cess collection. With this release, Centre would clear the entire provisionally admissible compensation due for five years as envisaged in the GST (Compensation to States) Act’ 2017. In addition, Centre would also clear the admissible final GST compensation to those States who has provided the revenue figures as certified by the Accountant General of the States amounting to Rs. 16,524 crore.
|
S. No. |
Name of State/UT | Balance GST compensation pending for June’2022 (Rs. In crore) |
| 1 | Andhra Pradesh |
689 |
|
2 |
Bihar | 92 |
| 3 | Chhattisgarh |
505 |
|
4 |
Delhi | 1212 |
| 5 | Goa |
120 |
|
6 |
Gujarat | 865 |
| 7 | Haryana |
629 |
|
8 |
Himachal Pradesh | 229 |
| 0 | Jammu and Kashmir |
210 |
|
10 |
Jharkhand | 342 |
| 11 | Karnataka |
1934 |
|
12 |
Kerala | 780 |
| 13 | Madhya Pradesh |
730 |
|
14 |
Maharashtra | 2102 |
| 15 | Odisha |
529 |
|
16 |
Puducherry | 73 |
| 17 | Punjab |
995 |
|
18 |
Rajasthan | 815 |
| 19 | Tamil Nadu |
1201 |
|
20 |
Telangana | 548 |
| 21 | Uttar Pradesh |
1215 |
|
22 |
Uttarakhand | 345 |
| 23 | West Bengal |
823 |
| Total |
16,982 |
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1900376