View: States are the biggest losers in GST sharing formula

By Rajeev Gowda & Akash SatyawaliCovid-19 is about to claim another victim — the trust that has been crucial to the establishment and effective functioning of the goods and services tax (GST) regime. GoI has reportedly told the parliamentary standing committee on finance that it does not have the funds required to honour its commitment to states to provide them GST compensation. Further, Attorney General K K Venugopal reportedly added that