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No consensus on GST compensation, willing states can approach Centre

The entire compensation calculation of the states will be paid. And states will not have to pay from any other resource.

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Nirmala Sitharaman. Picture/PTI

Nirmala Sitharaman. Picture/PTI

The GST Council's meeting on Monday, which was held exclusively to discuss the issue of borrowing in lieu of GST compensation, ended without any consensus.

Addressing the media after the meeting, Finance Minister Nirmala Sitharaman said the meeting was an extension of the previous meeting and all the states spoke on the issue of borrowing and extension of the compensation cess, and clarifications were sought by the states on specific points.

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