September 17 meeting: Council to decide on GST aid for states beyond June 2022

The Goods and Service Tax (GST) Council will meet in Lucknow on September 17 to sort out the vexatious issue of whether and how to compensate states for any ‘revenue shortfall’ beyond June 2022, when the current such mechanism is designed to end. According to sources, the all-powerful Centre-state council will also deliberate on the ways to boost revenues, amid a realisation that the average GST r…