Centre Seeks States' Consent To Start GST Borrowing

The Ministry of Finance last month sought states' consent to borrow back-to-back-loans to plug the shortfall in goods and services tax cess collections by June 15.  Providing clarity on the mechanism of the special window for GST borrowing, the central government, in a letter to states, said the interest will be paid from the GST compensation due to each state as and when it arises until the…