The GST compensation imbroglio

The impact of the pandemic on the revenue receipts of the Central and state governments has been devastating. The total average collection of GST revenue in April and May is only Rs 94,323 crore, just 46 per cent of the previous year’s average bimonthly receipts. The states have been guaranteed 14 per cent annual growth in GST revenue over the base year of 2015-16. Any shortfall has to be compensa…