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of <h1>States Offered Two Borrowing Options for GST Compensation Shortfall; Decision Needed Within Seven Days.</h1> The GST Council has presented two borrowing options to states to address the GST Compensation requirement for the fiscal year 2020-21. Following discussions in the 41st meeting on August 27, 2020, states have been asked to indicate their preferred option within seven working days. A meeting involving State Finance Secretaries and the Union Finance Secretary is scheduled for September 1, 2020, to clarify any issues related to these options.
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