Union cabinet approves RS modifications to GST Constitution Amendment Bill 2015

Q.  The Union Cabinet has approved amendments proposed by Rajya Sabha Select Committee on Goods and Services Tax, GST Constitution Amendment Bill. For how many years, the amendments include compensation to the states for any revenue loss due to introduction of GST?
- Published on 26 Jul 15

a. 3 years
b. Upto 5 years
c. 5 years
d. Upto 10 years

ANSWER: 5 years
 
The amendments include compensation to the states for 5 years instead of upto 5 years for any revenue loss due to introduction of GST.

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