GST compensation: States set to drive a hard bargain

Opposition-ruled state governments are determined to drive a hard bargain in the special Goods and Services Tax (GST) Council meet to be convened soon to decide whether and how a compensation mechanism for their ‘revenue shortfall’ be extended beyond June 2022, when a five-year initial window ends. At least six states – West Bengal, Kerala, Chhattisgarh, Punjab, Tamil Nadu and Odisha – are seeking…