https://www.taxtmi.com/news?id=23437 A special borrowing window was used by the Central Government to provide back-to-back loans to States and Union Territories with legislatures to meet GST compensation shortfalls; the seventh instalment was released on 14 December 2020, borrowed at an interest rate of 5.1348% with cumulative borrowings at an average 4.7712%. In addition, the Central Government granted additional borrowing permission equal to 0.50% of GSDP to States choosing Option I, and permissions for the aggregate additional amount were granted to 28 States; state-wise allocations and amounts passed through the special window are set out. en-us Mon, 14 Dec 2020 17:54:03 +0530 Mon, 14 Dec 2020 17:54:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23437 A special borrowing window was used by the Central Government to provide back-to-back loans to States and Union Territories with legislatures to meet GST compensation shortfalls; the seventh instalment was released on 14 December 2020, borrowed at an interest rate of 5.1348% with cumulative borrowings at an average 4.7712%. In addition, the Central Government granted additional borrowing permission equal to 0.50% of GSDP to States choosing Option I, and permissions for the aggregate additional amount were granted to 28 States; state-wise allocations and amounts passed through the special window are set out. News - Mon, 14 Dec 2020 17:54:03 +0530 https://www.taxtmi.com/news?id=23437