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State demand GST compensation beyond 2022

States including Punjab, Kerala and Delhi has pitched for extension of goods and services tax compensation to the states for 2 years i.e. beyond 2022, to tide over the financial crunch they might face in the post Covid-19 situation. State finance ministers discussed issues such as the urgent requirement of some form of aid for micro, small and medium enterprises to provide relief for the services sectors.

State ministers started to ask for more funds to get over the pandemic. Kerala minister has said they are undergoing a financial crisis and has pitched for additional funds from the Centre. West Bengal asked the Centre to transfer its pending dues immediately.

The Centre recently paid ₹34,053 crore in pending GST compensation cess for October and November, in two instalments.

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