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GST Council meet: States to push for borrowing by Centre on Thursday

Our worst fears are now coming true, Amit Mitra writes to Sitharaman

Topics
Goods and Services Tax | GST revenue | GST compensation

Dilasha Seth  |  New Delhi 



gst, tax
States have objected to borrowing from the market themselves, and will seek an extension to the compensation period beyond the promised FY22

Ahead of the crucial single-agenda meeting on Thursday, most states — including those governed by the BJP — reached a consensus that the Centre should borrow to compensate states for the revenue shortfall owing to inadequate cess collection.

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First Published: Thu, August 27 2020. 01:02 IST

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