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The final report of the third study was awaited at the time of writing. It will also be put on the FC website after receipt.
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30,73,037
37,43,077
30,77,952
27,82,809
29,49,748
31,25,325
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i)
i)
Compensation Mechanism
5.46 An objective compensation mechanism
incorporated in the Grand Bargain will provide
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Compensation/Incentive Grants
5.53 This Commission is aware that the tenor of
the ongoing discussions on the GST model and
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Summary of
Recommendations
5.65 Both the Centre and the states should
conclude a Grand Bargain to implement the model
GST. The Grand Bargain comprises five elements:
(i) the design of the model GST is suggested in paras
5.25 to 5.35; (ii) the operational modalities are
outlined in paras 5.36 to 5.41; (iii) the proposed
agreement between the Centre and states, with
contingencies for changes is at paras 5.49 to 5.51;
(iv) the disincentives for non-compliance are
described in paras 5.52 (v) the implementation
schedule is described in paras 5.57 to 5.59. (vi) the
procedure for claiming compensation is at Para 5.60
(Para 5.48).
5.66 Any GST model adopted must be consistent
with all the elements of the Grand Bargain. To
incentivise implementation of the Grand Bargain this
Commission recommends the sanction of a grant of
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