CREDITING PROCEEDS OF CESS TO GST COMPENSATION FUND
Section 10
Bill
GST – Compensation to the States for Loss of Revenue
Draft – Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016 – [November 2016]
10. CREDITING PROCEEDS OF CESS TO GST COMPENSATION FUND
(1) The proceeds of the GST Compensation Cess leviable under section 8 shall be credited to a non-lapsable fund known as the GST Compensation Fund in the Public Account, and shall be utilized for
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