Pre-budget meeting: States demand continuing compensation cess for another 5 years

States in the pre-budget meet demanded continuing the compensation cess for another 5 years.

The top demands from states in the pre-budget meeting includes continuing the compensation cess window which is expiring in June 2022 by another five years because states feel that they have not been able to stabilise their revenues post the implementation of GST.

Secondly, they have also sought that there should be tweaking that the central government should allow states to do when it comes to state-specific schemes, that is the centrally sponsored schemes. So every state says that there should not be just a complete overarching umbrella, all states should have their own demands when it comes to using that particular fund under the centrally sponsored schemes, as per the demands of the state.