Kerala rejects Centre's proposal of borrowing by states to meet GST revenue shortfall

The Centre and opposition-ruled states like Punjab, Kerala, Delhi and West Bengal, are at loggerheads over the financing of the Rs 2.35 lakh crore Goods and Services Tax (GST) shortfall in the current fiscal. Of this, about Rs 97,000 crore is on account of GST implementation and rest Rs 1.38 lakh crore is the impact of COVID on states' revenues.

from Economy-News-Economic Times https://ift.tt/32UYLc7