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GST: Karnataka to follow Option One, meet reform-linked timelines for additional borrowing, says Home Minister

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The GST Council, which met on August 27 to discuss the subject of GST compensation payable to states, placed two options before the states. While the first option covered only the revenue shortfall arising out of the GST implementation, the second one also covered the shortfall in collections due to Covid-19 alongside the GST implementation.

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