Explore schedule of the GST (Compensation To States) Act, 2017 and its implications for taxpayers. Get informed with the latest updates.

Provided that no order shall be made under this section after the expiry of 1 [five years] from the commencement of this Act.

Every rule made under this Act by the Central Government shall be laid, as soon as may be after it is made, before each House of Parliament,

(b) furnish such returns in such forms, along with the returns to be filed under the Central Goods and Services Tax Act; and

    (a) a practice was, or is, generally prevalent regarding levy of cess (including non-levy thereof) on any supply of goods or services or both; and

Provided that no such cess shall be leviable on supplies made by a taxable person who has decided to opt for composition levy under section 10 of the Central Goods and Services Tax Act.

(a) the projected revenue for any financial year during the transition period, which could have accrued to a State in the absence of the goods and services tax, shall be calculated as per section 6;

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.

(a) the value added tax, 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;

Explore Section 4 of the GST (Compensation To States) Act, 2017 and its implications for taxpayers. Get informed with the latest updates.

(1) This Act may be called the Goods and Services Tax (Compensation to States) Act, 2017.

Explore Section 2 of the GST (Compensation To States) Act, 2017 and its implications for taxpayers. Get informed and stay compliant with the latest updates.

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

Explore Section 4 of the GST (Compensation To States) Act, 2017 and its implications for taxpayers. Get informed with the latest updates.

(a) the value added tax, 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;

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.

(a) the projected revenue for any financial year during the transition period, which could have accrued to a State in the absence of the goods and services tax, shall be calculated as per section 6;

Provided that no such cess shall be leviable on supplies made by a taxable person who has decided to opt for composition levy under section 10 of the Central Goods and Services Tax Act.

    (a) a practice was, or is, generally prevalent regarding levy of cess (including non-levy thereof) on any supply of goods or services or both; and

(b) furnish such returns in such forms, along with the returns to be filed under the Central Goods and Services Tax Act; and