Bengal wants GST setoff till 2027

Bengal has proposed that the period of paying financial compensation to the states to meet projected shortfall in GST tax collection should be extended by five more years in the wake of the debilitating pandemic. Arguing that the GST revenues are yet to stabilise, Bengal finance minister Amit Mitra, who is part of the GST Council, wrote to Union finance minister Nirmala Sitharaman to extend the pe…