Shortfall of GST Compensation Issue - Update from the 42nd GST Council Meeting

Aishna Kukreja , Last updated: 06 October 2020  
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Background - What is GST Compensation? During the implementation of GST, states had to transit from the indirect taxes regime into the new GST regime. This resulted in a tremendous loss of revenue for the states, together with them ceding almost all their powers to impose local-level indirect tax

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Aishna Kukreja
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Category GST   Report

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