THE GOODS AND SERVICES TAX (COMPENSATION TO STATES) ACT, 2017 Last updated 16-3-2020

ACT NO. 15 OF 2017 · Enacted [12th April, 2017.] · 14 sections

Section 1.Short title, extent and commencement.

Section 2.Definitions.

Section 3.Projected growth rate.

Section 4.Base year.

Section 5.Base year revenue.

Section 6.Projected revenue for any year.

Section 7.Calculation and release of compensation.

Section 8.Levy and collection of cess.

Section 9.Returns, payments and refunds.

Section 10.Crediting proceeds of cess to Fund.

Section 11.Other provisions relating to cess.

Section 12.Power to make rules.

Section 13.Laying of rules before Parliament.

Section 14.Power to remove difficulties.