GST compensation cess may see Rs 63,000 crore shortfall

New Delhi: The centre is staring at a Rs 63,200-crore shortfall in goods and services tax compensation cess for FY20 as revenues slow down. Delay in release of compensation to states has already emerged as a bone of contention between Centre and states. As per a presentation made to the  GST Council, the compensation requirement for states is expected to be about Rs 1.6 lakh crore for the ong…