States may not get GST compensation in full, says Finance Ministry

Business Standard

State governments are unlikely to get the full compensation promised for shortfall in  goods and services tax  (GST) collection as the  finance ministry  says the amount will be given only through money collected from the cess imposed for this purpose. A key ministry official said  states  should agree to hike GST or cess rates in the Council meeting, the date for whi…

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