Borrowing options to meet the GST Compensation requirement for 2020-21

The two borrowing options to meet the GST Compensation requirement for 2020-21 consequent to the discussions in the 41^stmeeting of the GST Council held on 27^th August, 2020 has been communicated to States,as per the document attached with this press note, to communicate their preference within seven working days. A meeting of State Finance Secretaries with the Union Finance Secretary and Secretary (Expenditure) is scheduled to be held on 1^st September, 2020 for clarifying issues, if any.

Please see Annexure