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GST shortfall: Centre to borrow Rs. 1.1-lakh cr and on-lend to States.

GST shortfall: Centre to borrow Rs. 1.1-lakh cr and on-lend to States.

by TEXTILE VALUE CHAIN | Oct 16, 2020 | Industry And Cluster, News & Insights

To meet the GST compensation cess shortfall, the Centre will borrow on behalf of all the States, and then on-lend to them. This will be done on the lines of funding of ‘externally aided projects’. The amount will be given to the States as back-to-back loans in lieu of...

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