Answer the following with reference to GST (compensation to states) Act, 2017: Objective of GST (compensation to states) Act, 2017.
CS Professional · Advanced Tax Laws and Practice · PYQS · June 2018
Answer the following with reference to GST (compensation to states) Act, 2017: Objective of GST (compensation to states) Act, 2017.
Answer & Explanation:
The objective behind providing compensation to the states is for the loss of revenue arising on account of implementation of the Goods and Services Tax (GST) in pursuance of the provisions of the Constitution (One Hundred and First Amendment) Act, 2016.
Topics: GST (Compensation to States) Act, 2017
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