States demand Vice-Chairman post in GST Council, won’t budge on compensation

A MEETING OF the Goods and Services Tax (GST) Council later this month is set to be a stormy affair with states set to air concerns of inadequate representation and an overall review of the indirect tax regime besides sticking to their demand for 14 per cent compensation. States are guaranteed compensation for any revenue shortfall from the base year of 2015-16 at an annualised growth rate of 14 p…