Section 6

Projected revenue for any year.

The Goods and Services Tax (Compensation to States) Act, 2017

Act 15 of 2017
Ministry of Finance
Department of Revenue

About this Act

An Act to provide for compensation to the States for the loss of revenue arising on account of implementation of the goods and services tax in pursuance of the provisions of the Constitution (One Hundred and First Amendment) Act, 2016.

All sections

    The projected revenue for any year in a State shall be calculated by applying the projected growth rate over the base year revenue of that State.
     Illustration.--If the base year revenue for 2015-16 for a concerned State, calculated as per section 5 is one hundred rupees, then the projected revenue for financial year 2018-19 shall be as follows
     Projected Revenue for 2018-19=100 (1+14/100)³.