A Parliamentary Committee, which scrutinised the crucial GST Bill, has prepared a draft report wherein the government has agreed to provide compensation to states for any revenue loss for five years, thus giving in to one of the major demands from several opposition parties.'<br/><br/>The report will be considered by the Select Committee of Rajya Sabha tomorrow when it is expected to be adopted for presentation in Parliament which convenes on Tuesday.'<br/><br/>PTI quoting sources said, the government will move an official amendment to the Goods and Services Tax (GST) Bill, a Constitution amendment legislation that is aimed at overhauling the tax structure in the country.<br/><br/>The panel completed the consultation process on Friday last when clause-by-clause discussion took place on the bill.'As per the schedule, the report is to be submitted to Rajya Sabha by July 24, three days after the commencement of the Monsoon Session of Parliament.'<br/><br/>The GST Bill has been passed by Lok Sabha and was referred to the Select Committee by Rajya Sabha, where theruling NDA government does not enjoy majority. The government aims to roll out GST from April 1 next year.