Kerala and Bengal accept govt’s GST borrowing option

Kerala and West Bengal are the latest members of the Goods and Services Tax (GST) Council to accept the Centre’s borrowing option of Rs1.1 lakh crore to meet the indirect tax revenue shortfall in 2020-21, reducing the number of dissenting states to three from 10 in September, the Union finance ministry said on Wednesday. “Governments of Kerala and West Bengal have communicated their acceptance of…