New Delhi, Aug 27 (ANI): Finance Secretary Ajay Bhushan Pandey on 41st meeting of GST Council informed that the shortfall in compensation due to the implementation of GST has been estimated to be Rs 97,000 crore. Finance Secretary said, "Compensation gap which has arisen this year (expected to be Rs 2.35 lakh crore), is due to #COVID19 as well. The shortfall in compensation due to the implementation of GST has been estimated to be Rs 97,000 crores." He further informed the options presented to the GST council. Ajay Bhushan Pandey said, "Option 1 presented to GST Council was to provide a special window to states, in consultation with RBI to provide Rs 97000 crore at a reasonable interest rate."