Explained | Why states are clamouring over delayed GST compensation

Explained | Why states are clamouring over delayed GST compensation
Explained | Why states are clamouring over delayed GST compensation Under GST law, states were guaranteed payment for any loss of revenue in the first five years of the GST implementation starting July 1, 2017. The shortfall is calculated assuming a 14 per cent annual growth in GST collections by states over the base year of 2015-16. States are promised compensation for any revenue shortfall till 2022, in case they go below the 14 per cent annual growth since the GST rollout in 2017