Context: Centre’s argument that loss in Goods and Services (GST) revenue as a result of COVID-19 is not a shortfall arising out of the “implementation of GST” instead is an act of god is legally and morally untenable.
Argument offered by the Centre against borrowing
Arguments necessitating Centre’s support
Conclusion: The stand of the Indian government on GST compensation issue is devoid of any macro-economic logic and is not a contra-cyclical, but a pro-cyclical stance.