The matter was likely to be taken up in the upcoming GST Council meeting where states, especially the Opposition-ruled ones, expected to try and pin the Centre down over the delay in the release of compensation.
Speaking at the India Economic Conclave event of the Times Network, finance minister Nirmala Sitharaman, today, acknowledged the delay in payment of compensation on account of shortfall in GST collection.
She said that the government at the Centre and the states are working to augment the GST revenue. She said that the shortfall is due to extension granted in filing of returns to flood-hit states and slowdown in consumption faced by certain sectors.
On the issue of rates rejig, the finance minister said that the buzz of a rate restructuring is everywhere except at her office. She said that the growth in GST collection this year have been below expectations.
The GST Council will meet on December 18 where it will take up the matter of falling GST revenue.
