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GST Compensation options given to States in 41st GST Council Meeting: Press Release

The two borrowing options have been given to States in 41st GST Council Meeting held on 27 August, 2020 in order to meet the GST Compensation shortfall for financial year 2020-21. The document annexed with this press note discusses in detail these two options. The States are required to inform about the option they choose within 7 working days.

Source: taxmann.com

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