GST Council cannot stop 21 states from borrowing against future cess receipts

Dissenting Goods and Services Tax Council members cannot stop 21 states from borrowing against their respective future compensation cess proceeds, and their borrowing plan will kick-off even if there is no unanimity at the council’s meeting on October 12, two people with direct knowledge of the matter said. According to the Attorney General of India’s legal opinion on this matter, a state can borr…