Section 5
Base year revenue (1) Subject to the provision of sub-sections (2), (3), (4), (5) and (6), the base year revenue for a State shall be the sum of the revenue...
Section 4
Base year For the purpose of calculating the compensation amount payable in any financial year during the transition period, the financial year ending 31st March, 2016, shall be taken as...
Section 3
Projected growth rate The projected nominal growth rate of revenue subsumed for a State during the transition period shall be fourteen per cent. per annum. Prev | Index | Next...
Section 2
Definitions (1) In this Act, unless the context otherwise requires,- (a) “central tax” means the central goods and services tax levied and collected under the Central Goods and Services Tax...
Compensation to States Act
THE GOODS AND SERVICES TAX (COMPENSATION TO STATES) Act, 2017 No. 15 of 2017 Dated: 12th April 2017 An Act to provide for compensation to the States for the loss...
