West Bengal partially agrees to Centre's GST compensation proposal

In a letter to the Union Finance Minister, Nirmala Sitharaman, West Bengal Finance Minister, Amit Mitra, has suggested that a GST Council meeting may be convened to discuss the borrowing of the remain

The West Bengal government has partially agreed to the Centre’s proposal for clearing the shortfall from goods and services tax (GST) collection.

The state government is willing to go along with the proposal under which the Union government has agreed to borrow two-thirds of the possible shortfall (Rs 1.10 trillion) and transfer the same to the states on a back-to-back basis, but has urged it to borrow the remaining one-third of potential shortfall (Rs 72,000 crore).

In a letter to the Union Finance Minister, Nirmala Sitharaman, West Bengal Finance Minister, Amit Mitra, has suggested that a GST Council meeting may