Under the GST (Compensation to States) Act, 2017, protected revenues of the state governments is calculated on the basis of a 14% annual growth rate with FY16 as the base year The finance ministry is not in favour of raising goods and services tax (GST) rates even on non-essential items at a time its revenue collections are expected to be badly hit by the lockdown to contain the spread of covid-19. “Post-lockdown, demand has to be induced and economic activity has to improve on all fronts, not just on essential items.

Who are we to decide what is non-essential? However, the GST Council will take a final call on the matter," said a finance ministry official, seeking anonymity.

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