Maharashtra Stares At Rs 30,000 Crore Revenue Loss If GST Compensation Not Extended

If the Centre does not extend the GST compensation from July this year, Maharashtra, which pays the maximum taxes, will lose Rs 30,000 crore annually, a senior official of the state finance department has said.        The Goods and Services Tax (GST) Act guarantees states bi-monthly compensation for any loss of revenue in the first five years of its implementation. Th…