Scrutinizing The Crisis Related To Gst Compensation To States- Analysing Its Impact And Repercussions
INTRODUCTION What is GST Compensation? Manufacturing States were concerned about a potential revenue loss as the nation transitioned to the Goods and Service Tax. The new system substituted a consumption-based taxing structure for one that was production-based. A compensation mechanism was put in place for five years to allay this concern. “Section 18 […]