The base Financial Year for the purpose of calculating compensation amount payable to the State as per Goods and Service tax (Compensation to States) Act, 2017 shall be taken:

CS Executive · Tax Laws and Practice · PYQS · June 2018
The base Financial Year for the purpose of calculating compensation amount payable to the State as per Goods and Service tax (Compensation to States) Act, 2017 shall be taken:
(A) 2014-15
(B) 2016-17
(C) 2012-13
(D) 2015-16

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Goods and Services Tax (GST)

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