https://www.taxtmi.com/news?id=14208 The Constitutional Amendment Bill provides for compensation to the states for revenue loss from GST implementation, to be provided by Parliament on the recommendation of the GST Council, for a period that may extend up to five years; it also contemplates exclusion of alcoholic liquor, phased inclusion of petroleum, and transitional compensation to states for CST phase out. en-us Thu, 19 Mar 2015 10:57:03 +0530 Thu, 19 Mar 2015 10:57:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14208 The Constitutional Amendment Bill provides for compensation to the states for revenue loss from GST implementation, to be provided by Parliament on the recommendation of the GST Council, for a period that may extend up to five years; it also contemplates exclusion of alcoholic liquor, phased inclusion of petroleum, and transitional compensation to states for CST phase out. News - Thu, 19 Mar 2015 10:57:03 +0530 https://www.taxtmi.com/news?id=14208