Left parties have targeted the Government for its remark ‘Act of God’ on GST revenue shortfall and accused it of passing its burden on states. The Centre had placed two options for borrowing by states to meet the shortfall in Goods and Services Tax (GST) revenues pegged at ₹2.35 lakh crore in the current fiscal. FM had said in the meeting that economy has been hit by the COVID-19 pandemic, which is an ‘act of God’, and it will see a contraction in the current financial year.CPI(M) general secretary SitaramYechury asked on Twitter that why should states borrow and if needed the Centre should borrow and pay the states..
