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Statutory Provisions

Home Acts & Rules GST Draft-Bills-Reports Draft - Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016 - [November 2016] This

Section 6 - PROJECTED REVENUE FOR ANY YEAR - Draft - Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016 - [November 2016]

Draft - Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016 - [November 2016]
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6. PROJECTED 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 ₹ 100, then the projected revenue for, say, financial year 2018-19 shall be as follows:

 
 
 
 

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