The meeting with Chief Minister Uddhav Thackeray on Thursday has given the civic body hope that the compensation for the revenue shortfall under goods and services tax (GST) will continue even after 2022 -- when the five-year period of transition to GST expires.

The Brihanmumbai Municipal Corporation (BMC) said the Centre's compensation to the state government needs to continue beyond 2022 in light of the long term big-ticket infrastructure projects BMC has taken up, and also because the highest revenue source — Octroi has been abolished.