Under pressure from states, GST Council agrees to examine borrowing from market

New Delhi:  The federal indirect tax body, the Goods and Services Tax (GST) Council will examine the legal implications of borrowing from the market to meet the shortfall in funds to compensate states for their GST revenue loss, union finance minister Nirmala Sitharaman said here. The Central government’s willingness to look into the possibility of the Council borrowing from the market is a m…