The Compensation Mechanism to States under the Goods and Services Tax (GST regime)
Introduction: After seventeen years of marathon journey of the most crucial tax reform in the country, entailing rounds of debates, deliberations and meetings and honest disagreements, the Goods and Services Tax came into effect in India on July 1,2017. The journey started in 2000 CE during Atal Bihari Vajpayee government with the setting up of … Read more