States’ GST shortfall rises to ₹2.4 trillion in April-Nov

The shortfall in goods and services tax ( GST ) revenues of states has risen to  ₹2.46 trillion during the April to November period of this fiscal, according to official data. To partly meet the revenue gap, the Centre has given  ₹40,000 crore as compensation for April-May 2020 from GST cess collections and facilitated loans worth  ₹84,000 crore under a special borrow…