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Centre considers market borrowing for GST compensation to states

Raising GST rates or rationalisation of tax slabs may be discussed by the GST Council in the next meeting to be scheduled early next month.

Topics
GST compensation | Coronavirus | Lockdown

Dilasha Seth  |  New Delhi 



GST, TAX
Compensating states has become tough with dwindling cess collection in the compensation fund amid a sharp fall in revenue due to the coronavirus pandemic.

The government is mulling ways to compensate states for the widening goods and services tax (GST) shortfall, which include borrowing from the market and extending the cess repayment period further.
 

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First Published: Thu, May 21 2020. 02:13 IST

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