With GST compensation cess falling short, states may agree to raise rates at the lower end

Despite his credentials as an economist and a former secretary general of Ficci, most tend to dismiss West Bengal finance minister Amit Mitra’s warning on the stagnant GST revenues as pure politics. At an Express Group event, Mitra spoke of India’s federal polity being at risk if the Centre didn’t extend the guarantee of a 14% growth in the states’ revenue from GST; right now, if the state GST rev…