APPSC Group-I Preliminary Exam 2017 Solved Paper

Question : 39 of 150

Marks: +1, -0

Under the GST (Compensation to States) Bill, 2017, the unutilized money in the GST Compensation Fund at the end of five years would be

Distributed amongst States as per the formula prescribed by the Finance Commission for devolution of taxes
Shared equally between the Centre and States with apportionment amongst the States on the basis of SGST collection in the last year of transition
Fully retained by the Centre
Shared equally between the Centre and States with apportionment amongst the States on the basis of the formula prescribed by the Finance Commission for devolution of taxes

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