In post GST compensation era, states fall back on land and liquor to shore up revenues

Pushed into a corner, since the Goods and Services Tax (GST) compensation period ended, state governments are resorting to a variety of tax increases – from land to liquor. With the Union Government turning down the demand of the states to extend the protected revenue period beyond June 2022, they are forced to raise funds from the avenues remaining open to them. The compensation period was valid…