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Oppn-ruled states dismiss Centre's 2 options on GST compensation shortfall

Meet today to outline strategy on compensation

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This comes a day after the finance ministry officially communicated the finer details of the two borrowing options to states to make up for the compensation shortfall

Dilasha Seth Ishita Ayan Dutt New Delhi/Kolkata

6 min read Last Updated : Aug 31 2020 | 6:06 AM IST

Rejecting both options proposed by the Centre to make up for the goods and services tax (GST) compensation shortfall, Opposition-ruled states, including West Bengal, Punjab, Chhattisgarh, and Kerala, will meet on Monday over a videoconference to thrash out the future course of action. Operationalising the Centre-states dispute resolution mechanism may be discussed as part of the future strategy.

This comes a day after the finance ministry officially communicated the finer details of the two borrowing options to states to make up for the compensation shortfall.

The first option is to only borrow up to Rs 97,000 crore, which is a shortfall arising

Topics : Goods and Services Tax Nirmala Sitharaman Shortfall in GST Revenues GST compensation Opposition parties Amit Mitra Thomas Isaac Sushil Modi BJP GST Council

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