GST Council meeting: Here's what to expect on August 27

The Goods and Services Tax (GST) Council is set to meet on August 27 to discuss the single-point agenda of compensation to states. The meeting would try to reach a consensus on the issue of market borrowing to solve the compensation problem. The Centre had in March sought views from Attorney General K K Venugopal on the legality of market borrowing by the GST Council to make up for any shortfall i…