Central Government borrows and transfers ₹ 6,000 crore as first tranche to 16 States on account of GST compensation under Special Borrowing Window

Goods and Services Tax – GST Dated:- 23-10-2020 – News – The Government of India has evolved a special borrowing window to addressthe shortfall in the GST collection during the year 2020 2021. 21 States and 2 Union Territories opted for this special window involving back-to-back borrowing coordinated by the Ministry of Finance. Out of these, five States did not have any shortfall on account of GST compensation. Today, the Central Government borrowed and transferred ₹ 6,000crores a

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