Financial aid to states to meet GST compensation
GST
Dated:- 9-3-2021
In order to meet the shortfall in Goods and Services Tax (GST) compensation to be paid to States, the Government of India had set up a special borrowing window in October, 2020 to raise the estimated shortfall of ₹ 1.1 lakh crore.
\nThis was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.
\nGiving more details, the Minister stated that an amount of ₹ 84,000 crore has been borrowed through this window by the Government of India upto 03.02.2021 on behalf of the States and Union Territories (UTs) with legislative assembly and has been passed on to the S<\/p>\n
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