GST Compensation: Centre Could Borrow to Pay States as Raising Taxes May be Counter-productive

The GST compensation due with the Centre for four months are enough to pay salaries to all Punjab government employees for two months, said the state’s finance minister Manpreet Singh Badal. He was responding to Union Food Processing Minister Harsimrat Kaur Badal over her assertion that the Centre has cleared the entire pending GST compensation amount for the state by releasing Rs 12,187 crore for…