Answer the following with reference to GST (compensation to states) Act, 2017: Base year.
CS Professional · Advanced Tax Laws and Practice · PYQS · June 2018
Answer the following with reference to GST (compensation to states) Act, 2017: Base year.
Answer & Explanation:
For the purpose of calculating the compensation amount payable in any financial year during the transition period, the financial year ending 31st March, 2016 shall be taken as the base year.
Topics: GST (Compensation to States) Act, 2017
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