 "N K Singh, finance commission chairman")
Fifteenth Finance Commission (FFC) Chairman N K Singh on Friday asked states to consider restructuring goods and services tax (GST) compensation, amid growing concerns over the Centre’s revenue collection. States were told to explore ways to shore up revenues and recommended considering hiking rates on certain items. Singh is also learnt to have asked states whether the current revenue assumption of 14 per cent growth in compensation from the Centre was unrealistically high.
GST collection has significantly slowed down in recent months, making it difficult for the Centre to hand out compensation to states.
“The FFC chairman was of the view that
