News
Govt allows 20 states to raise Rs 68,825 cr in borrowing for GST shortfall
- Date:
- October 13, 2020
- Source:
- Business Standard
The Centre on Tuesday permitted 20 states to raise Rs 68,825 crore through open market borrowings to bridge the GST revenue shortfall. The decision came a day after the GST Council meeting failed to reach a consensus on the stalemate over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall. The projected total compensation shortfall in…