Amit Mitra call to extend GST payoff tenure

Bengal finance minister Amit Mitra has urged N.K. Singh, chairman of the Fifteenth Finance Commission, to extend the tenure of the GST compensation to states by three years. After the implementation of the Goods and Services Tax in 2017, it was decided that the Centre would compensate the states for the revenue shortfall on account of the shift to the new indirect tax regime for a transition perio…