Home / Economy / News / GST compensation row: Have not picked either option, says Puducherry CM

GST compensation row: Have not picked either option, says Puducherry CM

Rebuts FinMin claim that UT is among those to opt for RBI window to meet shortfall in GST

Premium

The GST Council needs the support of 20 states to pass any resolution in case voting is required.

3 min read Last Updated : Sep 22 2020 | 12:46 AM IST

Intensifying the Centre-state tussle, Puducherry Chief Minister V Narayanasamy denied picking either of the two borrowing options proposed by the Centre to meet the shortfall in goods and services tax (GST) compensation, contrary to claims made by finance ministry sources.

Narayanasamy told Business Standard that in a letter to Union Finance Minister Nirmala Sitharaman, he demanded that the Government of India borrow and give compensation to states. However, if “all the states” agree with any other option, including the ones proposed by the Centre, the Union Territory (UT) will consider that, he said. He added that the Centre is using this

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in