Centre should compensate GST losses, demand seven non-BJP ruled states

Seven states that are not ruled by the Bharatiya Janata Party have demanded that the Centre should compensate tax losses under the provisions of the  Central Goods and Services Tax Act  at the earliest, reported  The Hindu  on Thursday. The states’ finance ministers also sought to increase the borrowing limit to 5% of the Gross State Domestic Product – the total value of goods…