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Shortfall in GST Cess Holding Up Payments to States - 0 views

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gst news gst updates goods and service tax cgst gst

shared by VSC Tax Solutions on 14 Feb 20 - No Cached

VSC Tax Solutions on 14 Feb 20

Goods and Services Tax (Compensation to States) Act, 2017 was enacted to levy Compensation cess for providing compensation to the States for the loss of revenue arising on account of implementation of the goods and services tax with effect from the date from which the provisions of the Central Goods and Services Tax (CGST).

<div class="cArrow"> </div><div class="cContentInner">Goods and Services Tax (Compensation to States) Act, 2017 was enacted to levy Compensation cess for providing compensation to the States for the loss of revenue arising on account of implementation of the goods and services tax with effect from the date from which the provisions of the Central Goods and Services Tax (CGST).</div>

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