13 states submit borrowing option to Centre to fund GST shortfall

As many as 13 states ruled by the BJP and parties that have supported it on various issues have submitted their borrowing options to the Centre to meet the GST revenue shortfall.
 

These 13 states include Bihar, Odisha, Andhra Pradesh, Gujarat, Uttarakhand and Meghalaya.
 

Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will be giving their option in a day or two, finance ministry sources said.
 

In the current fiscal, the states are staring at a staggering Rs 2.35 trillion Goods and Services Tax (GST) revenue shortfall.

Of this, as per the Centre's calculation, about