Which financial year is taken as base year for the purpose of calculating compensation amount payable to the states under GST (Compensation to States) Act, 2017?

CS Executive · Tax Laws · PYQS · December 2024
Which financial year is taken as base year for the purpose of calculating compensation amount payable to the states under GST (Compensation to States) Act, 2017?
(A) Financial Year 2014-15
(B) Financial Year 2016-17
(C) Financial Year 2015-16
(D) None of the above

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

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