Yawning revenue deficit: Now, Centre fails to give GST aid to states in time

For the first time since the goods and services tax (GST) was launched, the Centre has started ‘defaulting’ in payment of the constitutionally guaranteed compensation amounts to several state governments for their GST revenue shortfall. This reflects a big and yawning revenue deficit and the growing inadequacy of the stagnant proceeds from the relevant cesses to bridge it. Finance ministers or peo…