NEW DELHI: The Center has borrowed and transferred Rs 6 billion as the first tranche of GST compensation deficit to 16 states and two union territories, including Maharashtra, Gujarat, Bihar, Assam, Delhi and J&K, the Finance Ministry said on Friday. Last week, the Center gave in to demands by opposition-ruled …
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NEW DELHI: One day after the Center agreed to borrow Rs 1.10 lakh crore on behalf of the states for meet GST deficit, finance minister Nirmala Sitharaman on Friday he reached out to all states to explain the contours of the special window. The finance minister’s letter to the states …
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NEW DELHI: On Monday, the GST Council failed to reach any consensus for the second time in a week on compensating states for the shortfall in GST collections. The meeting, chaired by Finance Minister Nirmala Sitharaman, was a continuation of the 42nd. GST Council Meeting held last week. Addressing the …
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