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States demand extension of GST compensation for another 5 years

  Jan 24, 2022

States demand extension of GST compensation for another 5 years

Q What is the context  ?

A Many states have demanded that the GST compensation cess regime be extended for another five years and the share of the Union government in the centrally-sponsored schemes be raised as the COVID-19 pandemic has impacted their revenues.

Q  What is GST?

Q  What is Compensation under GST regime or  GST Compensation Cess?

Q Why is the compensation necessary?

 A

Q How is GST compensation Distributed ?