GST ActCentral laws2017
The Goods and Services Tax (Compensation to States) Act, 2017
An Act to provide for compensation to the States for the loss of revenue arising on account of implementation of the goods and services tax in pursuance of the provisions of the Constitution (One Hundred and First Amendment) Act, 2016.
Act No. 15 of 2017 · Ministry of Finance
- Sections
- 15
Contents
- 1Short title, extent and commencement.
- 2Definitions.
- 3Projected growth rate.
- 4Base year.
- 5Base year revenue.
- 6Projected revenue for any year.
- 7Calculation and release of compensation.
- 8Levy and collection of cess.
- 8APower not to recover cess not levied or short levied as a result of general practice.
- 9Returns, payments and refunds.
- 10Crediting proceeds of cess to Fund.
- 11Other provisions relating to cess.
- 12Power to make rules.
- 13Laying of rules before Parliament.
- 14Power to remove difficulties.