GST in 2020: A tumultuous year

2020 is the year that saw Centre cross swords with most state governments - and again, it was the fragile goods and services tax (GST) that was at the crux of the dispute. Things came to a head when the government threw its hands up and said the prolonged lockdown had left its coffers empty and the near-zero balance in the GST compensation fund, meant states could not be compensated. CNBC-TV18's Timsy Jaipuria recounts the skirmish that ended with most states tapping out.