Goods and Services Tax (Compensation to States) Act, 2017
Bare 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 number
- 15 of 2017
- Enacted
- 12 April 2017
- Contents
- 15 sections
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Contents
- Section 1 – Short title, extent and commencement
- Section 2 – Definitions
- Section 3 – Projected growth rate
- Section 4 – Base year
- Section 5 – Base year revenue
- Section 6 – Projected revenue for any year (preview)
- Section 7 – Calculation and release of compensation (preview)
- Section 8 – Levy and collection of cess (preview)
- Section 8A – Power not to recover cess not levied or short levied as a result of general practice (preview)
- Section 9 – Returns, payments and refunds (preview)
- Section 10 – Crediting proceeds of cess to Fund (preview)
- Section 11 – Other provisions relating to cess (preview)
- Section 12 – Power to make rules (preview)
- Section 13 – Laying of rules before Parliament (preview)
- Section 14 – Power to remove difficulties (preview)