“There was no unanimity among the members of the GST council on borrowing, ” Nirmala Sitharaman told a news briefing.
NEW DELHI: Spending to help India’s pandemic-hit economy is likely to face delays after the federal government and some states failed to agree who should borrow to cover revenue shortfalls.
India’s Goods and Services Tax Council, comprising federal and state finance ministers, last week extended a surcharge on luxury goods including cars and tobacco products beyond 2022 to help states repay loans raised to fill revenue gaps in the current fiscal year.
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