Government assures release due GST compensation to states in 2 installments: Anurag Thakur

Government assures release due GST compensation to states in 2 installments: Anurag Thakur

Union Minister of State for Finance, Anurag Thakur said Since the introduction of GST, Rs 2,10,969.49 crore has been paid under GST compensation to states including Puducherry and Delhi.

Anurag Thakur, Union Minister of State for Finance said on Monday in the Lok Sabha that the central government will release all the dues of GST compensation to the states/UTs on account of revenue loss in 2 installments.

Anurag Thakur replied this after Odisha and Telangana MPs complained during the Question Hour about their states not getting a share under the GST – Goods and Services Tax and Integrated Goods and Services Tax (IGST).

Anurag Thakur, Union minister of state for finance added all GST compensation outstanding money will be given to the states in two installments.

The minister said that the compensation of GST – Goods and Services Tax and Integrated Goods and Services Tax (IGST) up to September 2019 has been released to the states and the compensation for October-November, 2019 is still pending.

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He said that arrangement for payment of compensation every two months to the States / UTs (Union Territory with Assembly) to compensate the revenue arising due to implementation of GST in GST (Compensation to States) Act, 2017.

According, he said, GST compensation is being paid to the states every two months on a bi-monthly basis from July 2017.

The Minister said that Rs 48,785.35 crore for July 2017 to March 2018, Rs 81,141.14 crore for April 2018 to March 2019, Rs 17,789 crore for April-May 2019, Rs 27,956 crore for June-July 2019 and August-September 2019. 35,298 crores GST compensation has been paid.