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The rollout of Goods and Services Tax (GST) could happen in six months if the Centre agrees to compensate the revenue losses incurred by States.
According to Sushil Kumar Modi, Deputy CM of Bihar and GST panel head, revenue loss is one of the major concerns of States.
“If the Centre agrees to compensate the revenue losses incurred by States for a five-year period, then the GST can be rolled out within six months,’’ Modi said at an interactive session organised by the Bharat Chamber of Commerce here on Saturday.
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