Center Provide Compensation to the states for loss of revenue arising on account of implementation of the goods and service tax for a period of ............

CS Executive · Tax Laws · PYQS · June 2022
Center Provide Compensation to the states for loss of revenue arising on account of implementation of the goods and service tax for a period of ............
(A) 5 years
(B) 10 years
(C) As decided by council in the meeting from time to time
(D) For such number of years until deficit is fully covered

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: GST

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