Section 6. Projected revenue for any year.

Important Keyword: Section 6, Section 5.

GST 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 year2018-19 shall be as follows-

Projected Revenue for 2018-19=100 (1+14/100) ³

Read More: Notification No. 11/2020 – Central Tax: Seeks to provide special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.

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