Goods and Services Tax – GST – Dated:- 28-3-2018 – The Government is providing claims to the States under GST. As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States shall be calculated and compensation for loss of revenue to the State shall be provisionally calculated and released at the end of every two months period. As per Section 4 of the said Act, financial year 2015-16 has been taken as the base year for calculating compensation amount
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