On the GST issue, the Centre holds the baton

The Goods and Services Tax (GST) Council meeting has now been deferred to the first week of October due to  sharp disagreement between the States and the Centre , the result of the unprecedented revenue shortfall faced by them. By July-end, the Centre’s fiscal deficit had reached ₹8.2-lakh crore, 103% of the full year’s target and 15.23% of the lower GDP. The States face a similar situation.…