States' Budget demand: 60% GST share, extended compensation period

State finance ministers in their customary pre-Budget consultation with Union Finance Minister Nirmala Sitharaman on Friday demanded greater fiscal autonomy through an increase in states’ share in goods and services tax (GST) to 60 per cent, from 50 per cent at present, and an extension of the GST compensation period by another five years. Chhattisgarh Chief Mini…