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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>GST Compensation Act 2016: States to Receive Revenue Loss Compensation for Five Years Under Section 18 Amendment.</h1> The Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016 aims to compensate Indian states for revenue losses due to the implementation of the Goods and Services Tax (GST). This compensation is provided for a period of five years, as stipulated by Section 18 of The Constitution (One Hundred and First Amendment) Act, 2016. The Act applies throughout India and will be enforced on a date determined by the Central Government through an official notification.
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