Centre includes compensation in GST Constitutional Amendment Bill
GST
Dated:- 19-3-2015
The Centre has included in the GST Constitutional Amendment Bill the compensation which will be paid to states for revenue loss on account of rolling out the new indirect tax regime, Parliament was informed.
\nTo a written question on whether the compensation in GST has been incorporated in the Constitutional Amendment Bill, Minister of State for Finance Jayant Sinha said: "Yes".
\nElaborating further, he said that as per the provisions of the Bill, Parliament may on the "recommendation of the GST Council, provide for compensation to the states for loss of revenue arising on account of implementation of the GST for such period <\/p>\n
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