The Centre will pay out compensation to states for the October-November period before the next Goods & Services Tax (GST) Council meeting tentatively scheduled for March 14, albeit after a two-month delay, further weighing on state finances for the current fiscal year.
The meeting is expected to be a stormy affair, with states likely to raise concerns over delay in compensation release and the Centre backing out from the 14-per cent assured revenue compensation.
With the release happening with a lag of two months, the compensation for the December-January period, which was to be paid in March, will cross over into the