States want Finance Commission to recommend support for five more years

States have appealed to the 15th Finance Commission (FC) to recommend extending the time period for which they would be compensated up to 14% revenue growth in the event of a shortfall in GST collections. FE has learnt that many states, which are uncertain about the trajectory of GST revenues, have asked for a further 5-year extension once the current period expires in FY22. Bihar deputy chief min…