Answer the following with reference to GST (compensation to states) Act, 2017: Calculation and release of compensation.
CS Professional · Advanced Tax Laws and Practice · PYQS · June 2018
Answer the following with reference to GST (compensation to states) Act, 2017: Calculation and release of compensation.
Answer & Explanation:
The compensation payable to a state has to be provisionally calculated and released at the end of every two months, which shall be finally calculated for every financial year after the receipt of final revenue figures, as audited by Comptroller and Auditor General of India.
Topics: GST (Compensation to States) Act, 2017
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