Dipping GST collections: States stare at losing revenue cover

The sharp decline in Goods and Services Tax (GST) collections could not only add to the Centre’s fiscal woes, but also deprive state governments of their assured compensation for revenue shortfall. If the collections till September are to be gone by, the compensation cess kitty will fall short by Rs 1,08,000 crore over FY20 (about Rs9,000 crore/month), denting the states’ coffers. A more realistic…