Tuesday, September 8, 2020

Two options offered to states only way out, says Centre on GST compensation

At an August 27 meeting of the GST Council, chaired by Union finance minister Nirmala Sitharaman and comprising state finance ministers, the Centre gave the states two options -- either borrow the compensation amount arising from implementation of GST (Rs 97,000 crore) or the entire shortfall (Rs 2.35 lakh crore).

Posted from: this blog via Microsoft Flow.

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