https://www.taxtmi.com/news?id=20402 The Bill permits distribution, on Council recommendation, of amounts unutilised in the Compensation Fund at any point in a financial year during the transition period: fifty per cent to be transferred to the Consolidated Fund of India as the Centre's share and fifty per cent to be distributed among States in the ratio of their base year revenue; for two month period shortfalls, fifty per cent (capped by prior transfers) to be recovered from the Centre and fifty per cent from States in the base year revenue ratio. en-us Wed, 08 Aug 2018 13:20:51 +0530 Wed, 08 Aug 2018 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20402 The Bill permits distribution, on Council recommendation, of amounts unutilised in the Compensation Fund at any point in a financial year during the transition period: fifty per cent to be transferred to the Consolidated Fund of India as the Centre's share and fifty per cent to be distributed among States in the ratio of their base year revenue; for two month period shortfalls, fifty per cent (capped by prior transfers) to be recovered from the Centre and fifty per cent from States in the base year revenue ratio. News - Wed, 08 Aug 2018 13:20:51 +0530 https://www.taxtmi.com/news?id=20402