GST Compensation to States Ordinance Current Affairs, GK & News

Cabinet approves promulgation of GST (Compensation to States) Ordinance, 2017

The Union Cabinet has given its approval to the proposal of Union Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017. The approval will allow GST Council to hike the maximum rate of compensation cess levied from the current cap of 15% to 20%. The ..