Home / business / Govt to Look Into Legality of Market Borrowing by GST Council to Compensate States' Revenue Loss

Govt to Look Into Legality of Market Borrowing by GST Council to Compensate States' Revenue Loss

-
Under GST law, states are guaranteed compensation for revenue loss for five years if their revenue does not increase 14 per cent on the base year of 2015-16. However, with revenue mop-up from compensation cess falling inadequate, the Centre held back fund transfer to states for revenue shortage beginning August.

from Top Business News- News18.com
Read The Rest:timesnownews...
Govt to Look Into Legality of Market Borrowing by GST Council to Compensate States' Revenue Loss Govt to Look Into Legality of Market Borrowing by GST Council to Compensate States' Revenue Loss Reviewed by Team Exprssnews on March 14, 2020 Rating: 5

No comments:

Subscribe to: Post Comments ( Atom )
Powered by Blogger.