State the "Base Year" and "Projected Growth Rate" for the purpose of calculating the compensation amount payable by the Centre on account of revenue loss to the States as specified under the Goods and Services Tax (Compe

CS Executive · Tax Laws and Practice · PYQS · December 2018
State the "Base Year" and "Projected Growth Rate" for the purpose of calculating the compensation amount payable by the Centre on account of revenue loss to the States as specified under the Goods and Services Tax (Compensation to States) Act, 2017:
(A) Financial Year 2014-15, @ 14%
(B) Financial Year 2015-16, @ 14%
(C) Financial Year 2016-17, @ 14%
(D) Financial Year 2017-18, @ 14%

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: GST

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic