The government plans to create a backstop facility for states to receive GST compensation for three additional years after the expiry of the first five years as mandated by the Constitution
2 min read24 Dec 2018GST being a destination-based tax, many of the industrialized states were concerned that its introduction would lead to loss of revenues
4 min read5 Apr 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared