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of <h1>GST Constitution Amendment Guarantees Five-Year Revenue Loss Compensation to States Under Section 18</h1> Section 18 of the Constitution (101st Amendment) Act, 2016 mandates Parliament to enact legislation, based on GST Council recommendations, to compensate states for revenue losses resulting from GST implementation. This compensation is guaranteed for a five-year period. The provision came into effect on September 16, 2016, establishing a constitutional safeguard to protect state finances during the transition to the new taxation system.
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