GST shortfall may exceed ₹1.56 lakh crore due to Covid wave: Amit Mitra

West Bengal finance minister Amit Mitra on Thursday urged finance minister Nirmala Sitharaman to convene a long-pending meeting of the GST Council immediately, as states are expecting an alarming shortfall in Goods and Services Tax (GST) compensation because of devastations caused by the second wave of Covid-19. “May I point out that among many matters that need to be discussed most urgently at th…