GST compensation entitlement must be paid from the Compensation Fund; Council can recommend borrowing or extend cess. The Compensation Act requires that compensation for GST revenue loss during the five-year transition be paid from the GST Compensation Fund; States are entitled to full compensation during that period, the Act contains no express provision obliging the Union to meet Fund shortfalls, and the GST Council may lawfully recommend measures - including extension of the cess or borrowing arrangements - to credit additional resources to the Fund.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST compensation entitlement must be paid from the Compensation Fund; Council can recommend borrowing or extend cess.
The Compensation Act requires that compensation for GST revenue loss during the five-year transition be paid from the GST Compensation Fund; States are entitled to full compensation during that period, the Act contains no express provision obliging the Union to meet Fund shortfalls, and the GST Council may lawfully recommend measures - including extension of the cess or borrowing arrangements - to credit additional resources to the Fund.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
