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Centre, states stare at Rs 2-trillion GST cess gap amid Covid-19

The GST compensation of states is expected to widen to Rs 2.5-3 trillion in FY22 as against the cess collection of Rs 1 trillion estimated in the Budget

Topics
Goods and Services Tax | GST compensation | Lockdown

Dilasha Seth  |  New Delhi 



Good and services tax, gst
Economists estimate that the cess collection may fall short by Rs 1.5-2 trillion viz a viz the compensation requirement, suggesting that the government may again need to borrow from the markets to fill the gap like last year | Illustration: Ajay Mohanty

With the government anticipating (GST) collection to fall below Rs 1 trillion in June -- the first time in nine months -- owing to Covid-led disruption, compensation to states is set to exceed cess collection for the second year in a row.

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First Published: Mon, May 24 2021. 06:10 IST

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