GST SHORTFALL – MINISTER OF FINANCE

UNSTARRED QUESTION / நட்சத்திரமிடப்படாத கேள்வி 

1275. SHRI KODIKUNNILSURESH: DR. T. SUMATHY (a) THAMIZHACHI 
THANGAPANDIAN: SHRI V.K.SREEKANDAN:

Will the Minister of FINANCE be pleased to state:

(a) whether the Government has indicated to the States to borrow the entire projected 
GST shortfall of Rs. 2.35 lakh crore under a special borrowing window facilitated by the 
RBI and if so, the details thereof concerning GST Shortfall;
(b) whether the State Governments have objected to the proposal of the Government 
indicating that to make a distinction in the revenue shortfall on account of GST 
implementation and the pandemic is violative of existing rules governing GST mandate 
and if so, the details thereof along with the response of the Government thereto;
(c) Whether the Government is lagging behind in paying the States their share of GST 
compensation and if so, the details of the period of default;
(d) whether it is a fact that the Government has a GST dues of around 1.4 lakh crores to 
be paid to the States for the months between April 2020 to till date and if so, the details 
thereof along with the GST dues to be paid, State-wise;
(e) whether it is true that many State Governments are likely to face a GST revenue gap 
of Rs. 3 lakh crore this year and if so, the details thereof; and
(f) whether it is also a fact that out of Rs. 2.35 lakh crore, only Rs. 97,000 crore was due 
to GST implementation which the Government intends to provide to States at a 
reasonable rate of interest and if so, the details thereof?