Centre proposes 2 borrowing options before States to meet GST compensation shortfall
GST Council extending cess levy beyond 5 years would worry business: Experts
August 31, 2020GST Council extending cess levy beyond 5 years would worry biz: Experts
August 31, 2020“Considering the current scenario of the economy, the States might be left with no other option but to request the Council to consider increasing the cess or including more products or extending the levy of cess by some more years. Approaching the RBI instead of the market to avoid making the interest yield dearer to the States seems logical,” said Divakar Vijayasarathy, founder and Managing Partner, DVS Advisors LLP.