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Centre lowers GST borrowing amount by Rs 52,000 cr under option 2 for FY21

Updated : October 08, 2020 13:04:12 IST

Centre has lowered goods and services tax (GST) borrowing amount by Rs 52,000 crore under option 2 for FY21. The Rs 2.3 lakh crore estimate that was indicated under the option 2 of GST borrowing will stand revised to Rs 1.83 lakh crore, sources told CNBC-TV18.

The centre has also communicated to states that February and March compensation payments are always rolled over to next fiscal.

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