Explain the rationale behind the Goods and Services Tax (Compensation to States) Act of 2017. How has COVID-19 impacted the GST compensation fund and created new federal tensions (UPSC GS-3 mains 2020)

Goods and Services Tax (GST) is intended to be implemented ad a new, consolidated indirect tax regime from July 1, 2017. Lok Sabha passed four Bills, relating to the implementation of the GST The Constitution (122nd Amendment) Bill, which was passed by the Lok Sabha in May 2015, was   again passed by the Lower House … Read more

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