Can’t Pay States GST Compensation At Current Rate: Government Tells Parliamentary Panel
A cardboard cut-out of Indian Prime Minister Narendra Modi, accompanied by a message that reads “GST, The Youth Welcomes Change Of An Era, The New Power Of Economy,” stands in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Can’t Pay States GST Compensation At Current Rate: Government Tells Parliamentary Panel

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The central government will not be able to pay the promised 14% GST compensation to states due to low tax collections, Finance Secretary Ajay Bhushan Pandey is said to have told a parliamentary pan...