Centre, states stare at Rs 2-trillion GST cess gap amid Covid-19

With the government anticipating  goods and services tax  (GST) collection to fall below Rs 1 trillion in June -- the first time in nine months -- owing to Covid-led disruption, compensation to states is set to exceed cess collection for the second year in a row. The  GST compensation  of states is expected to widen to Rs 2.5-3 trillion in FY22 as against the cess collection of…