GST Council may discuss ways to garner funds for states’ compensation amid falling revenues

The GST Council will on Friday discuss the impact of  COVID-19  on tax revenues and may decide on the framework for compensation payout to states, according to sources. The 40th meeting of the GST Council, headed by Finance Minister  Nirmala Sitharaman  and comprising state counterparts, will be held via video conferencing. The Council would also discuss waiver of late fees for…