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Under GST (Compensation to States) Act, if a states GST revenue does not grow by at least 14 per cent over the base year of 2015-16, the Centre has to pay it the difference every two months.

Government to forego Rs 46,000 crore of interest on delayed GST...

But businesses that had already paid their taxes are likely to claim a refund

27 Aug 2020 10:43 AM IST