https://www.taxtmi.com/news?id=23292 A special borrowing window was used to address the 2020-21 GST compensation shortfall through coordinated back-to-back borrowings. The Central Government borrowed and transferred an initial tranche of funds to sixteen States and two Union Territories. The borrowing carries an interest rate of 5.19 percent, contemplates weekly releases under the scheme, and has an expected tenor broadly in the range of three to five years to provide targeted liquidity support for GST compensation. en-us Fri, 23 Oct 2020 18:46:49 +0530 Fri, 23 Oct 2020 18:46:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23292 A special borrowing window was used to address the 2020-21 GST compensation shortfall through coordinated back-to-back borrowings. The Central Government borrowed and transferred an initial tranche of funds to sixteen States and two Union Territories. The borrowing carries an interest rate of 5.19 percent, contemplates weekly releases under the scheme, and has an expected tenor broadly in the range of three to five years to provide targeted liquidity support for GST compensation. News - Fri, 23 Oct 2020 18:46:49 +0530 https://www.taxtmi.com/news?id=23292