GST Council 41st meeting concludes, 2 options proposed to States to meet 'Revenue' shortfall

41st GST Council meeting held to deliberate on issue of compensating states for revenue shortfall concludes today after 5 hours;  Finance Minister chairing meeting through video conferencing examined the revenue crunch faced by both Centre and states due to COVID -19 pandemic; Council deliberated on 2-options as laid down by Rev. Secry. to meet the compensation gap of Rs. 2.35 lacs crores i.e. (i) impact due to COVID-19 worked out at Rs. 97000 crores could...