: ‘Centre committed to compensate states for revenue loss due to GST rollout’ #finance #StockMarketNEWS #Business PTI New Delhi The Centre is committed to compensate states for five years
‘Centre committed to compensate states for revenue loss due to GST rollout’ #finance #StockMarketNEWS #Business
PTI
New Delhi
The Centre is committed to compensate states for five years for the revenue loss due to GST implementation as provided in the statute, Finance Minister Nirmala Sitharaman said on Tuesday.
The GST Constitutional Amendment Act provides for the Centre compensating the state for five years for loss of revenue arising on account of implementation of the goods and services tax (GST) and during the transition period, the statep&H ][YH XY] M [ [[Hݙ HH YX ][YHو MKLM H ZY 'H[ [ݙY[[Z] Y܈[][ۈ ]U ܈
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