LawgistThe Goods and Services Tax (Compensation to States) Act
3Projected growth rate
The projected nominal growth rate of revenue subsumed for a State during the transition period shall be fourteen per cent. per annum.
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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
