GST compensation amount should be higher than Rs 1.58 trillion in FY22

The compensation amount promised by the Centre is estimated to be higher than the Rs 1.58 lakh crore projected by the Centre, and a special session of the  GST  Council will be convened to discuss it, three opposition-ruled states said on Sunday. Finance ministers of Kerala, Punjab and Chhattisgarh said there was no consensus regarding the compensation requirement in 2021-22 in the May 2…