The GST Council meeting remained inconclusive on the issue of borrowing to meet the compensation shortfall and will meet again on October 12.

But the Council agreed to release ₹24,000 crore I-GST for the FY17-18 to States, which had not received the full amount as only a temporary settlement was made at that time. It has also been decided to disburse immediately to States/UTs the ₹20,000 crore collected so far this fiscal year through the compensation cess.

Sitharaman also said the Council has decided to increase the time period for levying the compensation cess beyond 2022. 

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