GST Council to deliberate on declining revenue and lack of funds in compensation kitty

In what could be assessed as early signs of slowdown getting reflected in the indirect tax collections, the Goods and services tax (GST) Secretariat has raised concerns on collections and compensation in the agenda note of the upcoming GST Council meet. Secretariat, while penning down the trends in the current revenue position under GST regime for the current fiscal, has said that the compensation…