compensation

If GST compensation has to continue, change the design

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[ad_1] The Goods and Services Tax (GST) Council meeting this week did not extend the revenue compensation period for states beyond five years, overriding a demand by several states. The rationale behind the compensation was to offset the cost of transitioning to a new tax system. When tax rates were harmonised across the country, some …

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GST Council meet: States’ compensation, tax tweaks on cards | 5 points

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The GST Council, headed by Union finance minister Nirmala Sitharaman and comprising representatives of all states and UTs, is meeting after a gap of six months. The GST Council is likely to makes changes in goods and services tax rates on a handful of items during the two-day meeting in Chandigarh starting Tuesday. But the …

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