Compensation to States for revenue loss from GST implementation, subject to GST Council recommendation and parliamentary enactment. Parliament must, by law and on the recommendation of the Goods and Services Tax Council, provide compensation to States for revenue loss arising from implementation of the Goods and Services Tax for a limited statutory period, functioning as a temporary centrally-facilitated fiscal transfer to address transitional shortfalls.
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Provisions expressly mentioned in the judgment/order text.
Compensation to States for revenue loss from GST implementation, subject to GST Council recommendation and parliamentary enactment.
Parliament must, by law and on the recommendation of the Goods and Services Tax Council, provide compensation to States for revenue loss arising from implementation of the Goods and Services Tax for a limited statutory period, functioning as a temporary centrally-facilitated fiscal transfer to address transitional shortfalls.
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