Maharashtra govt to give higher GST compensation to local bodies

Ahead of the 2019 Lok Sabha polls, the state government on Thursday modified rules giving itself the power to give higher compensation to local bodies for loss of revenue owing to the transition to the Goods and Services Tax (GST) regime. When the GST regime had kicked in last July, the government had adopted a uniform rule to compensate urban bodies for loss of income suffered due to the subsumin…