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BASE YEAR REVENUE

Section 5 - Draft-Bills-Reports - GST - Compensation to the States for Loss of Revenue - Goods and Services Tax - Section 5 - 5. (1) Subject to the provision of sub-sections (2), (3) (4) and (5) the for a State shall be the sum of the revenue collect .....

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services tax: (a) Value Added Tax (VAT), sales tax, purchase tax, tax collected on works contract, or any other tax levied by the concerned State under the erstwhile Entry 54 of List-II (State List) of the Seventh Schedule to the Constitution, prior .....

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ned State under the erstwhile Entry 52 of List-II (State List) of the Seventh Schedule to the Constitution, prior to bringing into effect the provisions of the Constitution (One Hundred and First Amendment) Act, 2016; (d) Taxes on luxuries, including .....

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f the Constitution (One Hundred and First Amendment) Act, 2016; (e) Taxes on advertisement or any other tax levied by the concerned State under the erstwhile Entry 55 of List-II (State List) of the Seventh Schedule to the Constitution, prior to bring .....

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hile Article 268 of the Constitution, prior to bringing into effect the provisions of the Constitution (One Hundred and First Amendment) Act, 2016; and (g) Any cess or surcharge levied by the State Government under any Act which is included in the de .....

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notified. (3) The revenue collected during the base year in a State, net of refunds, on account of following taxes, shall not be included in the calculation of the for that State: (a) Any taxes levied under any Act made under the erstwhile Entry 54 o .....

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rit (commonly known as petrol), natural gas, aviation turbine fuel and alcoholic liquor for human consumption; (b) Any taxes levied under the Central Sales Tax Act, 1956 (74 of 1956) on the sale or purchase of petroleum crude, high speed diesel, moto .....

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wn as petrol), natural gas, aviation turbine fuel and alcoholic liquor for human consumption; and (d) Entertainment tax levied by the State but collected by local bodies, under any Act enacted under the erstwhile Entry 62 of List-II (State List) of t .....

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