Compensation to States for GST revenue loss may be provided by Parliament on GST Council recommendation for a limited period. Parliament may, by law and on the recommendation of the Goods and Services Tax Council, provide compensation to States for loss of revenue arising from ... Summary
Compensation to States for GST revenue loss may be provided by Parliament on GST Council recommendation for a limited period.
Parliament may, by law and on the recommendation of the Goods and Services Tax Council, provide compensation to States for loss of revenue arising from implementation of the Goods and Services Tax for a period which may extend to five years.
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