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Finance Ministry Says GST Compensation to States Pending For Dec-March FY20

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Under GST law, states are guaranteed to be paid for any loss of revenue in the first five years of the GST implementation from July 1, 2017. The shortfall is calculated assuming a 14 per cent annual growth in GST collections by states over the base year of 2015-16.

from Top Business News- News18.com
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Finance Ministry Says GST Compensation to States Pending For Dec-March FY20 Finance Ministry Says GST Compensation to States Pending For Dec-March FY20 Reviewed by Team Exprssnews on May 17, 2020 Rating: 5

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