LawgistThe Goods and Services Tax (Compensation to States) Act
6Projected revenue for any year
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.
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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
