Ambika Soni News
States to get Rs 7,000-cr compensation for CST loss
The Union Cabinet on Thursday cleared a sum of Rs 7,029 crore as compensation to states for 2010-11 for the losses they suffered due to reduction in the central sales tax (CST) rate, in a bid to rope in states to agree on the proposed Goods and Services Tax (GST). State finance ministers are scheduled to meet tomorrow to discuss GST. The sum is, however, less than half the figure of Rs 16,000 crore
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