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 the base year.
15/2017 - The Goods and Services Tax (Compensation to States) Act, 2017 ▶
Act Number: 15
Act Name: The Goods and Services Tax (Compensation to States) Act, 2017
Year: 2017
Enactment Date: 2017-04-12
Long Title: 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.
Ministry: Ministry of Finance
Department: Department of Revenue