GST Compensation to States/ UTs for the period July 2017 to February, 2018

Total Compensation at Rs. 39893 crores

  Ministry of Finance
Balance claim of States under GST
Posted On: 28 MAR 2018 4:01PM by PIB Delhi

The Government is providing claims to the States under GST. As per provisions in sec.7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States shall be calculated and compensation for loss of revenue to the State shall be provisionally calculated and released at the end of every two months’ period. As per sec. 4 of the said Act, FY 2015-16 has been taken as the base year for calculating compensation amount payable to States for loss of revenue during transition period. The projected nominal growth rate of revenue subsumed for a state during the transition period shall be 14% per annum. On this basis, the revenue loss due to implementation of GST to the states for the month of July, 2017 to February, 2018 has been estimated and accordingly, GST Compensation paid to the States/ UTs on bimonthly basis for the period of July 2017 to February, 2018 as below:-

Period   Amount of GST compensation paid (Rs. in crore)
July – Aug, 2017                 10806
Sept – Oct, 2017                 13694
Nov- Dec, 2017                     3898
Jan – Feb, 2018                  11495
                Total                    39893

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha

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