Nirmalasitharaman

FM Sitharaman writes to states explaining Rs 1.1 lakh crore borrowing window for meeting GST shortfall

A slowdown in the economy since last fiscal has resulted in a drop in the Goods and Services Tax (GST) collections, upsetting the budgets of states which had given up their right to levy local taxes such as sales tax or VAT when GST was introduced in July 2017.

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