Fear of row over compensation at GST Council meeting on July 11

Telegraph India

The vexed issue of compensation to states could figure at the meeting of the GST Council on Tuesday. Several Opposition-ruled states have been demanding the Centre continue to compensate them as the revenue buoyancy under GST has been much less than promised — the bait that drew them to the indirect tax regime in the first place. Finance ministry officials expect some state finance ministers to ra…

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