As GST Compensation Period Nears End, SC Ruling Reignites Centre-State Tax Chasm

The end of this month marks the end of the contentious five-year period for goods and services tax (GST) compensation to states from the Centre. With that, several state governments are bracing themselves for a substantial fall in their revenue from July this year, preparing to continue the seemingly unceasing battle against the Centre.  “We have been asking the Centre to extend the period of…