INSUBCONTINENT EXCLUSIVE:
GST compensation worth Rs 52,000 crore was due to states till September 2021Approximately Rs 52,000 crores of Goods and Services Tax (GST)
payment was due to the states till September 2021, federal government has said.Giving this details, minister of state for finance Pankaj
Chaudhary told Lok Sabha said in a written reply to a concern on Monday that Rs 1,10,208 crore and Rs 1.59 lakh crore was released to states
as back to back loan in 2020-21 and 2021-22 respectively.Total GST settlement pending till September 2021 stood at Rs 51,798 crore, he
This includes Rs 13,153 crore pending to Maharashtra, Rs 5,441 crore to Uttar Pradesh, Rs 4,943 crore to Tamil Nadu, Rs 4,647 crore to Delhi
and Rs 3,528 crore to Karnataka.The minister even more informed the lower house in action to a different question that Rs 17,000 crore was
launched on November 3, 2021, towards GST compensation to states from the settlement fund.This is in addition to GST payment of Rs 43,303
crore released to states and Rs 1.59 lakh crore as back to back help during the existing financial year, he added.Under the GST law, states
are made up for any loss of revenue occurring on account of execution of GST for 5 years till June 2022.
