https://www.taxtmi.com/news?id=23182 Two borrowing frameworks are set out for addressing the GST compensation shortfall. Under the Special Window, the Centre coordinates State market borrowing, subsidises limited interest cost differentials versus G sec yields, grants special Article 293 permission above normal ceilings, and provides that interest and principal are to be paid from the Compensation Cess, with the amounts not treated as State debt for prescribed norms. The alternative permits States to borrow directly, service interest from their resources, and receive Centre commitment for principal repayment from Cess proceeds after the transition period, with modified eligibility and reform linked limits. en-us Mon, 21 Sep 2020 10:33:54 +0530 Mon, 21 Sep 2020 10:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23182 Two borrowing frameworks are set out for addressing the GST compensation shortfall. Under the Special Window, the Centre coordinates State market borrowing, subsidises limited interest cost differentials versus G sec yields, grants special Article 293 permission above normal ceilings, and provides that interest and principal are to be paid from the Compensation Cess, with the amounts not treated as State debt for prescribed norms. The alternative permits States to borrow directly, service interest from their resources, and receive Centre commitment for principal repayment from Cess proceeds after the transition period, with modified eligibility and reform linked limits. News - Mon, 21 Sep 2020 10:33:54 +0530 https://www.taxtmi.com/news?id=23182