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P1 C3 Introduction To Goods and Service Tax — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C3 Introduction To Goods and Service Tax1 Mark
Question
Explain, in short, about the $GST$ Compensation Cess Act.
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Answer

Under the $GST$ Compensation Cess Act, the state government, whose tax collection will be reduced, will be compensated with the same.

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