States likely to ask for five-year extension of GST compensation

States  might seek an extension of up to five years on protected revenues beyond June 2022 at the upcoming  Goods and Services Tax  (GST) Council meeting, which will take place on Friday after a gap of over seven months. Besides,  states  will also pitch for a cut in GST rates on key Covid-19-related medical supplies. However, the Centre appears averse to both the demands…