GST compensation: Kerala, eight other states to move Supreme Court

KOCHI: Finance Minister TM Thomas Isaac on Tuesday said nine states including Kerala will jointly approach the Supreme Court if the Central government goes ahead and insist that the states borrow up to Rs 1.1 lakh crore as this year’s compensation on account of the implementation of the Goods and Services Tax (GST).This year’s total GST compensation amount is Rs 2.34 lakh crore. The Centre has sta…