States to get Oct-Nov GST compensation before next Council meet

The Centre has estimated a compensation cess shortage of Rs 63,200 crore in 2019-20 (FY20)

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