Council to finalise fund sourcing for States compensation before formalising tax structure

Issue of tax rate structure depends on the question of source of funds for compensation to losing States, states FM Arun Jaitley on conclusion of Day-2 of GST Council meeting; Council to deliberate on whether the compensation should be funded from the tax rate structure itself or by way of a special cess or out of any other sources; Mr. Jaitley says, “on this issue, we have virtually converged towards the consensus” and formal announcement in this regard, after ...