GST Council can recommend to Centre to permit States to borrow money to meet compensation shortfall: AG

The GST Council can recommend to the Central government to permit the States to borrow money, as a measure for meeting the compensation gap, Attorney General (AG) KK Venugopal had opined. This information was shared by Anurag Singh Thakur, Minister of State for Finance, with Parliament. “It would, however, be for the Central government to take final decision in the matter, in exercise of its autho…