Tag Archives: Section 8 of GST (Compensation to the States for loss of revenue) bill 2016

GST Compensation Cess – Key Points

By | November 28, 2016

GST Compensation Cess Government of India has come out with GST (Compensation to the States for loss of revenue) bill, 2016 on 25th day of November, 2016. Let us understand the GST Compensation Cess introduced in this bill :- Background of GST Compensation Cess: Since  GST is a destination cum consumption based tax. Hence the revenue from these… Read More »