Though it is expected to meet at regular intervals, the GST Council, the apex decision making body in GST-related issues, has not met for nearly eight months
The Finance Ministers of non-BJP-ruled States raised their demands at a virtual meeting hosted by Rajasthan Minister Shanti Dhariwal ahead of the GST Council's meet scheduled for May 28.
Image for representation. | Noah Seelam/AFP
Seven states that are not ruled by the Bharatiya Janata Party have demanded that the Centre should compensate tax losses under the provisions of the Central Goods and Services Tax Act at the earliest, reported
The Hindu on Thursday.
The states’ finance ministers also sought to increase the borrowing limit to 5% of the Gross State Domestic Product – the total value of goods and services produced within a state in a financial year. The demands were made during a meeting held by Rajasthan Urban Development and Housing Minister Shanti Dhariwal on Wednesday, ahead of the GST council meeting on May 28.