Economics · Economy
What is the primary objective behind the establishment of the Goods and Services Tax (GST) Compensation Cess Fund?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To compensate states for potential revenue losses arising due to the implementation of the GST regime✓
- 2To subsidize and support technological advancement in Micro, Small and Medium Enterprises
- 3To process timely refunds for taxpayers who have paid excess direct taxes
- 4To provide dedicated capital funding for national infrastructure projects
Correct answer
To compensate states for potential revenue losses arising due to the implementation of the GST regime
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