Centre not in favour of extending GST compensation period beyond 5 years

The Centre is not inclined towards extending the Goods and Services Tax (GST) Compensation period for States beyond March 2022, however, a proposal for zero-rated GST compensation to the states might be in the works, sources told CNBC-TV18 Monday. The Centre argued that GST revenues should grow, instead of it paying compensation to the states. Moreover, the Centre pitched that States should revisi…