Exclusive | States still in no mood to relent on GST compensation mess

When GST was implemented in 2017, the Centre had promised to compensate states for any revenue loss for five years from a pool created by levying cess over and above the GST on luxury and sin goods. This pool generated a surplus in the first two years and had a deficit in FY20 as well as in FY21

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/exclusive-|-states-stillno-mood-to-relentgst-compensation-mess_14238541.html
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