Centre’s ability to pay GST compensation to states comes into spotlight

NEW DELHI  : State governments are unlikely to get full compensation in FY20 for their revenue shortfall from  Goods and Services Tax  (GST), Business Standard reported on Tuesday citing finance ministry officials. The report said that GST compensation can only be given from the proceeds of cess levied on certain items. If there is a shortfall in cess collection, the law does not sa…