Meanwhile, following the police action at the BTC, bookmakers resorted to a protest and did not accept any bets.
Analysts say this would be detrimental to both the economy and tax collection efforts.
Jewellers believe that the hike will be announced after the next GST council meeting that is set to be held on December 18.
'GoM to examine the status of the amount of IGST remaining unapportioned as on March 31, 2018, as per the extant legal provisions and what action is required to be taken,' the circular reads.
He said the finance minister had cold-shouldered the state’s demand for immediate disbursement.
This year, states and three UTs were paid Rs 28,000 crore for the June-July period and they are yet to be paid for the August-September and October-November periods.
The minister said the plan projects would be severely affected if the government delays the GST compensation and rejects the demand for raising the state’s borrowing limit.
Punjab Finance Minister said the government is under obligation to pay the compensation which is pending for August and September.
Speaking to reporters after the meeting, Punjab Finance Minister Manpreet Singh Badal said, August and September compensation has not been released to states.
The next GST Council meeting will be closely watched as it is expected to take some drastic steps to boost revenue.
To a query on whether petrol and diesel would be brought under the GST regime, the Finance Minister said that in a way, they are already under the zero rate category of the GST.
After two months of negative growth, the GST revenue witnessed an impressive recovery with a growth of 6 per cent in November 2019 over the November 2018 collections, it said.
With a subscriber base of 5.36 lakh, Kingston is a YouTube star in his own right. However, neither did the success come overnight nor was it served to him on a silver platter.
The Akali leader also alleged that the Congress government was misleading Punjabis by stating that Rs 4,100 crore was due from the Centre on account of GST compensation.
In September, the country's GST collection had fell sharply to a 19-month low of Rs 91,916 crore, the second straight month of decline in the GST collections.