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  2. Bare Acts
  3. GST Act
  4. Section 3

GST Act

Overview
  • 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
Previous: Section 2Next: Section 4
GST Act 3

Section 3 · Projected growth rate

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The projected nominal growth rate of revenue subsumed for a State during the transition period shall be fourteen per cent. per annum.


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