https://www.taxtmi.com/news?id=23411 All States and Union Territories with legislatures have chosen Option One to address the GST revenue shortfall, gaining access to a centrally operated special borrowing window through which the Centre raises funds on their behalf and passes proceeds to participating States/UTs in instalments. Participating jurisdictions also receive unconditional permission to undertake the final tranche of additional borrowings (half a percent of GSDP) under the broader extra borrowing envelope; Jharkhand has newly opted in and will receive funds and the additional borrowing permission from the next borrowing round. en-us Sat, 05 Dec 2020 09:12:33 +0530 Sat, 05 Dec 2020 09:12:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23411 All States and Union Territories with legislatures have chosen Option One to address the GST revenue shortfall, gaining access to a centrally operated special borrowing window through which the Centre raises funds on their behalf and passes proceeds to participating States/UTs in instalments. Participating jurisdictions also receive unconditional permission to undertake the final tranche of additional borrowings (half a percent of GSDP) under the broader extra borrowing envelope; Jharkhand has newly opted in and will receive funds and the additional borrowing permission from the next borrowing round. News - Sat, 05 Dec 2020 09:12:33 +0530 https://www.taxtmi.com/news?id=23411