GST Council: States to get ₹20,000 cr compensation cess collected in FY21

Commenting on Monday’s proceeding, Divakar Vijayasarathy, Founder of DVS Advisors, felt though the Centre has increased the borrowing limit under the first option, it is not expected to pacify the opposition-ruled S\tates and they can be expected to stick to their guns at the upcoming meeting on October 12 forcing the Centre to either constitute a committee of ministers or formulate a dispute resolution mechanism to bring consensus.