Finance Ministry Says GST Compensation to States Pending For Dec-March FY20

Under GST law, states are guaranteed to be paid for any loss of revenue in the first five years of the GST implementation from July 1, 2017. The shortfall is calculated assuming a 14 per cent annual growth in GST collections by states over the base year of 2015-16.

from Top Business News- News18.com https://ift.tt/367gduO