Centre committed to compensate states for 5 yrs for revenue loss due to GST roll out: FM Nirmala Sitharaman

The Centre is committed to compensate states for five years for the revenue loss due to  GST  implementation as provided in the statute, Finance Minister Nirmala  Sitharaman  said on Tuesday. The  GST Constitutional Amendment Act  provides for the centre compensating the state for five years for loss of revenue arising on account of implementation of the goods and ser…