Few local taxes were subsumed into GST.
There is huge loss to state Govt and Local Authorities ?
Will the central govt compensate it to Local Authorities ?
Compensation to Local Authorities
Replies (1)
While the Central Government provided a five-year compensation mechanism for States, it did not provide a similar guarantee for local authorities. Compensation for local bodies is a state-specific matter; some states (like Maharashtra) enacted their own laws to protect local authority revenue, while others rely on state grants or other fiscal transfers to bridge the gap.
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