10:[["$","title","0",{"children":"CUET General Test - The main purpose of the Goods and Services Tax (GST) compensation fund is | PYQs + Solutions | AfterBoards"}],["$","meta","1",{"name":"description","content":"undefined Option 1 -> The GST compensation fund is not meant for infrastructure develo±ent, which has separate funding mechanisms. Option 2 -> Excess tax paid by taxpayers is hand<=d through the GST refund process, not through the compensation fund. Option 3 -> Whi<= MSME support is important, the GST compensation fund serves a different specific purpose related to state revenues. Option 4 -> The fund was specifically created to compensate states for revenue shortfall during the GST transition period, ensuring they receive guaranteed 14% annual revenue growth.

Hence, Option 4: To compensate states for the loss of revenue due to the imp<=mentation of GST -> The GST Compensation Fund was established under the GST (Compensation to States) Act, 2017 to compensate states for any revenue loss arising from GST imp<=mentation for a period of five years, funded by a compensation cess on certain goods -> correct"}],["$","link","2",{"rel":"manifest","href":"https://www.afterboards.in/manifest.json","crossOrigin":"$undefined"}],["$","meta","3",{"name":"keywords","content":"CUETGET,GET,General Knowledge,Indian Economy"}],["$","meta","4",{"name":"robots","content":"index, follow"}],["$","meta","5",{"name":"category","content":"education"}],["$","meta","6",{"name":"google-site-verification","content":"google"}],["$","meta","7",{"property":"og:title","content":"CUET General Test - The main purpose of the Goods and Services Tax (GST) compensation fund is | PYQs + Solutions"}],["$","meta","8",{"property":"og:description","content":"undefined Option 1 -> The GST compensation fund is not meant for infrastructure develo±ent, which has separate funding mechanisms. Option 2 -> Excess tax paid by taxpayers is hand<=d through the GST refund process, not through the compensation fund. Option 3 -> Whi<= MSME support is important, the GST compensation fund serves a different specific purpose related to state revenues. Option 4 -> The fund was specifically created to compensate states for revenue shortfall during the GST transition period, ensuring they receive guaranteed 14% annual revenue growth.

Hence, Option 4: To compensate states for the loss of revenue due to the imp<=mentation of GST -> The GST Compensation Fund was established under the GST (Compensation to States) Act, 2017 to compensate states for any revenue loss arising from GST imp<=mentation for a period of five years, funded by a compensation cess on certain goods -> correct"}],["$","meta","9",{"property":"og:url","content":"https://www.afterboards.in/past-year-questions/cuet-general-test/2025/slot-1/9"}],["$","meta","10",{"property":"og:site_name","content":"AfterBoards | CUET General Test Preparation"}],["$","meta","11",{"property":"og:image","content":"https://www.afterboards.in/pyp/AfterBoards%20CUET%20Past%20Year%20Papers%20with%20Solutions.webp"}],["$","meta","12",{"property":"og:type","content":"website"}],["$","meta","13",{"name":"twitter:card","content":"summary_large_image"}],["$","meta","14",{"name":"twitter:site","content":"afterboards.in"}],["$","meta","15",{"name":"twitter:title","content":"CUET General Test - The main purpose of the Goods and Services Tax (GST) compensation fund is | PYQs + Solutions"}],["$","meta","16",{"name":"twitter:description","content":"undefined Option 1 -> The GST compensation fund is not meant for infrastructure develo±ent, which has separate funding mechanisms. Option 2 -> Excess tax paid by taxpayers is hand<=d through the GST refund process, not through the compensation fund. Option 3 -> Whi<= MSME support is important, the GST compensation fund serves a different specific purpose related to state revenues. Option 4 -> The fund was specifically created to compensate states for revenue shortfall during the GST transition period, ensuring they receive guaranteed 14% annual revenue growth.

CUET General Test 2025 13 May Shift 1 PYQs

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