CONTEXT: The Centre suggestion to the states to borrow up by themselves in order to meet their deficits goes against the principles of a constitutionally bound agreemen
A brief introduction to Goods and Services Tax: introduced in 2017.
Options Provided by the Finance Minister: amidst COVID crisis to make up for compensation payment to the states.
Issues with the GST:
Conclusion: Each state has one vote in the GST council, and with the serving party in majority of states as well, it is likely that option 1 is selected, which goes against the constitutionally bound agreement with sovereign browbeating states into no fault of their own.