FinMin conveys borrowing options to States for GST compensation pursuant to Council-meet

FinMin conveys two borrowing options to the States in order to meet the GST compensation requirement for FY 2020-21 in pursuance of the 41st meeting of the GST Council held on August 27, 2020; Details both the options (i) The shortfall arising out of GST implementation (calculated at Rs. 97,000 crores approximately) will be borrowed by States through issue of debt under a Special Window coordinated by the Ministry of Finance and (ii) The entire shortfall of Rs. 235,000 crores...