THE GOODS AND SERVICES TAX (COMPENSATION TO STATES) ACT, 2017 Last updated 16-3-2020
Section 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 one hundred rupees, then the projected revenue for financial year 2018-19 shall be as follows—