7 Non-BJP Ruled States Seek GST Loss Compensation From Centre

The finance ministers of seven states under opposition rules have demanded the Centre to compensate tax losses under the GST Act at earliest. They also requested to enhance additional borrowing limit to 5% of the state GDP. Ahead of the GST Council's May 28 meeting, the states urged tax waiver on goods purchased for COVID-19 in the virtual meet hosted by the Rajasthan’s Housing and Urban Development minister.