LawgistAll Acts
Goods and Services Tax (Compensation to States) 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.
| Act Id | 201715 |
| Act Number | 15 |
| Enactment Date | 2017-04-12 |
| Act Year | 2017 |
| Ministry | Ministry of Finance |
| Enforcement Date | 01-07-2017 |
- All sections
- 1 Short title, extent and commencement
- 2 Definitions
- 3 Projected growth rate
- 4 Base year
- 5 Base year revenue
- 6 Projected revenue for any year
- 7 Calculation and release of compensation
- 8 Levy and collection of cess
- 9 Returns, payments and refunds
- 10 Crediting proceeds of cess to Fund
- 11 Other provisions relating to cess
- 12 Power to make rules
- 13 Laying of rules before Parliament
- 14 Power to remove difficulties
