https://www.taxtmi.com/news?id=25604 Parliamentary law provides for compensation to the States for loss of revenue arising from the implementation of GST for a prescribed transition period, with States' revenues protected against shortfalls measured from a base-year benchmark and a prescribed protected growth rate; eligible shortfalls during the transition period are compensated under the statutory framework established on the GST Council's recommendation. en-us Tue, 19 Jul 2022 18:23:09 +0530 Tue, 19 Jul 2022 18:23:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25604 Parliamentary law provides for compensation to the States for loss of revenue arising from the implementation of GST for a prescribed transition period, with States' revenues protected against shortfalls measured from a base-year benchmark and a prescribed protected growth rate; eligible shortfalls during the transition period are compensated under the statutory framework established on the GST Council's recommendation. News - Tue, 19 Jul 2022 18:23:09 +0530 https://www.taxtmi.com/news?id=25604