New Delhi, Nov. 28 -- Another opposition-ruled state Punjab has now communicated acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation.
The states earlier had voiced its concern on the method the Centre was proposing to settle GST compensation dues of states. It wanted the central government to bear the entire compensation shortfall as per GST legislation.
With Punjab now joining the Centre's proposed formula, the number of states who have chosen this option has gone up to 26.
All the three Union Territories with Legislative Assembly (i.e. Delhi, Jammu & Kashmir and Puducherry) have also decided in favour of Option-1.
The States & Union Territories who choose Option-1 will get the amount of shortfall ari...