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No breakthrough in GST compensation deadlock; next Council meet on Oct 12

About two thirds of states opt for RBI-window of Rs 1.10 trillion, rest still want the Centre to borrow instead

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"I was gently reminded (at the meeting) that I can't take anybody for granted. The fact is I don't take anybody for granted," FM Sitharaman

Dilasha Seth Indivjal Dhasmana New Delhi

4 min read Last Updated : Oct 05 2020 | 11:27 PM IST

The Goods and Services Tax (GST) Council meeting on compensation for the states remained inconclusive on Monday, with 20-21 states opting for the Reserve Bank of India (RBI) window of Rs 1.10 trillion (earlier it was Rs 97,000 crore) and around 10 states insisting the Centre borrow and disburse the money.

The next meeting is now scheduled for October 12.

“The question was 20-21 states deciding to opt for the first option (the RBI window) and others wanting the Centre to borrow. Lots of discussion happened on that ... Bihar Deputy Chief Minister Sushil Modi suggested that 3-4-5

Topics : Goods and Services Tax Nirmala Sitharaman GST compensation GST council meeting GST IGST

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