Kerala, West Bengal Choose Option-1 To Meet GST Shortfall

After months of resistance, Kerala and West Bengal have agreed to the Option 1 of meeting the GST revenue shortfall. The Ministry of Finance said in a statement that the governments of both states communicated their acceptance, taking the number that have agreed to 25 states and 3 Union Territories. The only states yet to accept the GST borrowing proposal are Punjab, Chhattisgarh, and Jharkhand.