Odisha expecting GST compensation grants of Rs 6,200 cr for FY21

State GST is the single largest component of Odisha's tax revenue

Odisha has estimated goods & services tax (GST) compensation grants of Rs 6200 crore for 2020-21, an increase of 2.9 per cent over the revised estimate (RE) of FY20.

In the current financial year, compensation grants are estimated to rise by Rs 1160 crore from Rs 4867 crore at the budgeted stage to Rs 6027 crore at the revised stage.

“An increase in the compensation requirement of the state reflects a further decrease in the GST revenue growth rate as compared to the 14 per cent growth proposed under the Act”, Delhi-based non-profit organisation PRS Legislative Research noted in its analysis of