Will bumper GST collections weaken states' case for compensation?

At this month’s meeting of the NITI Aayog’s Governing Council -- chaired by Prime Minister Narendra Modi -- chief ministers of some non-BJP ruled states reiterated their demand to extend the GST compensation cess regime for another five years. According to a working paper by the National Institute of Public Finance and Policy, Punjab, Goa and Chhattisgarh may face the most revenue stress once the…