GST compensation fund\, cess can stay beyond 5 years if steep fall in revenue continues: Attorney General

New Delhi: The goods & services tax compensation fund can continue beyond the five-year transition period if a steep fall in revenue from the levy means there isn’t enough money to meet the commitment to states, the attorney general has said in an opinion.“I may mention that under such a provision is made in Section 8, permitting an extension in the duration of the levy and collection of the cess,” attorney-general KK Venugopal said in an