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Centre includes compensation in GST Constitutional Amendment Bill

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. To a written question .....

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ation 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 which may extend to five years . The Bill was introduced in the Lok Sabha on December 19. While liquo .....

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