With Odisha receiving Rs 91.78 crore on Friday, the State has so far got a total of Rs 3,675.95 crore towards Goods and Services Tax (GST) compensation.
While the State Government opted for GST Option I, it continues to receive the GST compensation shortfall. The State has been allowed Rs 2,858 crore of additional borrowing (0.50%) of Gross State Domestic Product (GSDP). However, the Centre has passed on Rs 3,675.95 crore raised through the Special Window to compensate for the GST shortfall.
The Union Ministry of Finance, Department of Expenditure on Friday released the 17th weekly instalment of Rs 5,000 crore to the States to meet the GST compensation shortfall.