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Centre will cover state revenue loss from GST rollout for 5 years
Updated On: 19 February, 2017 08:55 AM IST | | Agencies
<p>Inching closer towards rolling out of GST, the GST Council yesterday approved a law to compensate states for any loss of revenue from the implementation of the new national sales tax, but deferred approval for enabling laws to next meeting.</p>
Arun Jaitley, Manish Sisodia
Arun Jaitley with Delhi deputy CM Manish Sisodia during the 10th meeting of GST council at Udaipur on Saturday. Pic/PTI
Udaipur: Inching closer towards rolling out of GST, the GST Council yesterday approved a law to compensate states for any loss of revenue from the implementation of the new national sales tax, but deferred approval for enabling laws to next meeting.
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