Tuesday, January 19, 2021
  • About
  • Reach Us
  • Privacy Policy
STUFF UNKNOWN
No Result
View All Result
  • News
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle
  • News
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle
No Result
View All Result
STUFF UNKNOWN
No Result
View All Result
Home Business

GST Compensation: Government has released the 11th installment of Rs 6,000 crores, see who got the amount

January 11, 2021
in Business
3 min read
0
money1 GST Compensation: Government has released the 11th installment of Rs 6,000 crores, see who got the amount GST Compensation: Government has released the 11th installment of Rs 6,000 crores, see who got the amount
Share on WhatsappShare on FacebookShare on Twitter


The Central Government has released the 11th installment of GST compensation to states and union territories.

The Ministry of Finance said that 6,000 crores of rupees are being released to the States and UTs every week. So far, the Central Government has released Rs 66,000 crore under this head. The Center is releasing these funds to make up for the GST Compensation after the GST is implemented.

  • January 11, 2021, 10:13 PM IST

new Delhi. The Union Finance Ministry has released the 11th Weekly Installment of Rs 6,000 crores to compensate for the decrease in the Goods and Services Tax Compensation (GST Compensation) of the states. The Central Government has so far released 66,000 crores rupees to the States and UTs. Explain that the Central Government had started a special loan facility in October 2020 to compensate for the reduction of about 1.10 lakh crore rupees in the revenue of the states due to the implementation of GST. Under this facility, the central government is compensating them by taking loans on behalf of states and union territories.

Three union territories got a total of Rs 483 crore
The Finance Ministry said that in the 11th installment of Rs 6,000 crore, Rs 5,516.60 crore has been released to 23 states. At the same time, Rs 483.40 crore has been released to the Union Territories of Delhi, Jammu and Kashmir and Puducherry. Apart from this, the implementation of GST in Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim has not reduced their revenue. Therefore, no payment has been made to them as compensation. This week, the Center has taken a loan at an interest rate of 5.10 per cent. So far, the central government has taken a loan of Rs 66,000 crore under this facility at an average interest of 4.72 per cent.

read this also- RBI Governor Shaktikanta Das said a big thing! NPAs of banks may exceed 13% by September 2021The system will not affect the fiscal deficit of the Center

The central government has released installments to the states on October 23, 2020, November 2, November 9, November 23, December 1, December 7, December 14, December 21, December 28, 2020, January 4, 2021 and January 11. The Finance Ministry had said that it would release Rs 6,000 crore to the states every week. This system will not affect the fiscal deficit of the Center and will be seen as a capital gain of the state governments. The Finance Ministry had said in October 2020 that the Center would take loans in installments from the market to compensate the states for the reduction of Rs 1.1 lakh crore in GST collection.

read this also- Union Budget 2021: Income tax rebate can be given on expenses incurred in the treatment of corona, know everything about it

The central government gave two options for GST compensation
The Center gave all the states two options in August 2020 regarding GST compensation. Under the first option, the states can take a loan of Rs 97,000 crore from the special window of the Reserve Bank of India (RBI) or take a total of Rs 2.35 lakh crore from the market to meet the revenue deficit due to GST implementation. The central government has now revised this amount to Rs 1.10 lakh crore from the special window and Rs 1.8 lakh crore from the market.



READ ALSO

Sensex gained 834 points to close in the market; Nifty crossed 14500

India Post Payment Bank brought DakPay facility, now you will get these big benefits sitting at home, know how

.

Tags: 000 crore 11th installment of Rs.11th installment of Rs 6000 croresachsAmountCentral governmentCentral government issued 6Compensation InstallationFinance MinistryGSTGST CompensationGST compensation amountGST Compensation releasedSee who gets what amountstatesUts
SendShareTweet
Previous Post

French President Macron spent $ 729,000 on flowers, creating ruckus in the country

Next Post

Gold prices fell more than 2,000 rupees in a day! Silver becomes cheaper by Rs 6,000, know why the price is reduced

Related Posts

Stock Market Sensex gained 834 points to close in the market; Nifty crossed 14500 Sensex gained 834 points to close in the market; Nifty crossed 14500
Business

Sensex gained 834 points to close in the market; Nifty crossed 14500

January 19, 2021
11
IPPB India Post Payment Bank brought DakPay facility, now you will get these big benefits sitting at home, know how India Post Payment Bank brought DakPay facility, now you will get these big benefits sitting at home, know how
Business

India Post Payment Bank brought DakPay facility, now you will get these big benefits sitting at home, know how

January 19, 2021
13
traffic rules 1 Hindi News - Bad driving and breaking traffic rules will have to be costly, traffic violations may start of premium- News18 Hindi Hindi News - Bad driving and breaking traffic rules will have to be costly, traffic violations may start of premium- News18 Hindi
Business

Hindi News – Bad driving and breaking traffic rules will have to be costly, traffic violations may start of premium- Hindi

January 19, 2021
12
indigo ipo Good news for investors!  Indigo Paints IPO will open tomorrow, know all the important things related to it Good news for investors!  Indigo Paints IPO will open tomorrow, know all the important things related to it
Business

Good news for investors! Indigo Paints IPO will open tomorrow, know all the important things related to it

January 19, 2021
12
Gold Price Gold becomes cheaper on Tuesday, shining in silver, check today's latest price Gold becomes cheaper on Tuesday, shining in silver, check today's latest price
Business

Gold becomes cheaper on Tuesday, shining in silver, check today’s latest price

January 19, 2021
10
apollo hospital Investment alert: Apelo hospital to raise Rs 1000 crore, QIP issue launched Investment alert: Apelo hospital to raise Rs 1000 crore, QIP issue launched
Business

Investment alert: Apelo hospital to raise Rs 1000 crore, QIP issue launched

January 19, 2021
12
sitharaman Finance Ministry releases 12th installment of Rs 6,000 crore to compensate for GST ... Finance Ministry releases 12th installment of Rs 6,000 crore to compensate for GST ...
Business

Finance Ministry releases 12th installment of Rs 6,000 crore to compensate for GST …

January 19, 2021
12
Load More
Next Post
Goldd 1 Gold prices fell more than 2,000 rupees in a day!  Silver becomes cheaper by Rs 6,000, know why the price is reduced Gold prices fell more than 2,000 rupees in a day!  Silver becomes cheaper by Rs 6,000, know why the price is reduced

Gold prices fell more than 2,000 rupees in a day! Silver becomes cheaper by Rs 6,000, know why the price is reduced

02 7 Union Budget 2021: Income tax rebate can be given on expenses incurred in the treatment of corona, know everything about it Union Budget 2021: Income tax rebate can be given on expenses incurred in the treatment of corona, know everything about it

Union Budget 2021: Income tax rebate can be given on expenses incurred in the treatment of corona, know everything about it

Discussion about this post

POPULAR NEWS

Indian rAilway NW181 Big news for 40 million users of IRCTC, all your questions will be answered instantly. Big news for 40 million users of IRCTC, all your questions will be answered instantly.

Big news for 40 million users of IRCTC, all your questions will be answered instantly.

January 15, 2021
113
trump twitter cartoon 1 How were the trumped by the law of just 26 words, why the system could not change? How were the trumped by the law of just 26 words, why the system could not change?

How were the trumped by the law of just 26 words, why the system could not change?

January 11, 2021
67
til ki gazak recipe Gazak Recipe: Make Lohri and Makar Sankranti auspicious by eating sesame ghazak Gazak Recipe: Make Lohri and Makar Sankranti auspicious by eating sesame ghazak

Gazak Recipe: Make Lohri and Makar Sankranti auspicious by eating sesame ghazak

January 10, 2021
33
jacwulinebellepost b 14 Jacqueline Fernandez Stunning As A Ballerina Sets Instagram On Fire- Updated Jacqueline Fernandez Stunning As A Ballerina Sets Instagram On Fire- Updated

Jacqueline Fernandez Stunning As A Ballerina Sets Instagram On Fire- Updated

January 14, 2021
26
Money2 rs2000 PFC NCD issue: Government company giving long term huge earning opportunity, read all information including subscription PFC NCD issue: Government company giving long term huge earning opportunity, read all information including subscription

PFC NCD issue: Government company giving long term huge earning opportunity, read all information including subscription

January 15, 2021
24
Untitled 6 1 Hindi News - New Traffic Rule: These rules will be applicable on sitting on the back seat of the car and on the bike, will have to be given if you do not follow - News18 Hindi Hindi News - New Traffic Rule: These rules will be applicable on sitting on the back seat of the car and on the bike, will have to be given if you do not follow - News18 Hindi

Hindi News – New Traffic Rule: These rules will be applicable on sitting on the back seat of the car and on the bike, will have to be given if you do not follow – Hindi

January 16, 2021
24
deepikabdaypics b 06 Inside Deepika Padukone Birthday Celebrations Ranveer Plays Host Ranbir Kapoor And Alia Bhatt Attend- Inext Live Inside Deepika Padukone Birthday Celebrations Ranveer Plays Host Ranbir Kapoor And Alia Bhatt Attend- Inext Live

Inside Deepika Padukone Birthday Celebrations Ranveer Plays Host Ranbir Kapoor And Alia Bhatt Attend-

January 6, 2021
23
Load More

EDITOR'S PICK

kbc harivansh KBC anecdote: the story of a poem, when Amitabh laid a pen in the foundation of the house KBC anecdote: the story of a poem, when Amitabh laid a pen in the foundation of the house

KBC anecdote: the story of a poem, when Amitabh laid a pen in the foundation of the house

January 14, 2021
13
ramprasadreviews b 04 Ram Prasad Ki Tehrvi Movie Review A Slice Of Life Tale That Is Reliable Well Performed- Updated Ram Prasad Ki Tehrvi Movie Review A Slice Of Life Tale That Is Reliable Well Performed- Updated

Ram Prasad Ki Tehrvi Movie Review A Slice Of Life Tale That Is Reliable Well Performed- Updated

January 7, 2021
14
covishield 1 India ready to send Brazilian aircraft for Corona vaccine, India says no decision on sending it overseas India ready to send Brazilian aircraft for Corona vaccine, India says no decision on sending it overseas

India ready to send Brazilian aircraft for Corona vaccine, India says no decision on sending it overseas

January 15, 2021
11
pexels Gustavo Fring If you are a working professional, follow these 5 habits to stay healthy If you are a working professional, follow these 5 habits to stay healthy

If you are a working professional, follow these 5 habits to stay healthy

January 12, 2021
12
Load More

About

We bring you the Latest News Updates regarding Gadgets, Products, Politics, Finance and lot more to help you Discover the Unknown.

Follow us

Categories

  • Automotive
  • Business
  • Career
  • Entertainment
  • Lifestyle
  • Tech
  • World

Recent Posts

  • Government of India wrote a strict letter to WhatsApp, said- withdraw your new privacy policy
  • Sensex gained 834 points to close in the market; Nifty crossed 14500
  • Egg Halwa Recipe: Make Egg Pudding, Tasty and Healthy in Winter
  • India Post Payment Bank brought DakPay facility, now you will get these big benefits sitting at home, know how
No Result
View All Result
  • News
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.