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Approval for providing CST loss related compensation to States for the loss incurred in FY 2010-11

By : Guest on 10 February 2011 Print This Page

Approval for providing Central Sales Tax loss related compensation to States for the loss incurred in FY 2010-11

The Union Cabinet has approved a proposal for providing Central Sales Tax (CST) loss related compensation to States for the loss incurred in FY 2010-11. The Cabinet has also approved to make on account payment of compensation to the States, pending finalization of the guidelines, for revenue loss incurred by States in year 2010-11 because of reduction in CST rate.