Compensation to States for loss of revenue on account of introduction of goods and services tax.

Compensation to States for loss of revenue on account of introduction of goods and services tax. https://www.taxtmi.com/acts?id=22081 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. en-us Sat, 06 Aug 2016 00:34:11 +0530 Tue, 01 Apr 2025 14:12:52 +0530 TaxTMI RSS Generator Compensation to States for loss of revenue on account of introduction of goods and services tax. https://www.taxtmi.com/acts?id=22081 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. Act-Rules F. Acts / Amendment Acts Sat, 06 Aug 2016 00:34:11 +0530 https://www.taxtmi.com/acts?id=22081