28 Indian states and three Union Territories with legislature have chosen option one which is to meet the GST revenue shortfall, Finance Ministry has issued a statement which said that Jharkhand is the only remaining state that has also accepted option one. As per the government’s take on GST, it has set up a special borrowing window for the Indian states and Union territories who are in favour of the first option to borrow the amount of shortfall that the rise is due to the implementation of GST. As per the finance ministry, it has already borrowed Rs. 30,000 crores on behalf of the states in five installments.
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