GST dues stuck, states told to borrow via RBI

Referring to the Covid  pandemic  as an ‘Act of God’ that will result in a contraction of the economy in the current fiscal, Finance Minister  Nirmala Sitharaman  said that in the 41st meeting of the Goods and Services Tax (GST) Council Thursday, states were presented with two options to resolve the contentious issue of compensation shortfall estimated to be Rs 2.35 lakh c…