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The Goods and Services Tax (Compensation to States) Act, 2017

Central

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
Ministry
Ministry of Finance
Department
Department of Revenue
Enacted
12 Apr 2017

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

15 sections

  1. Section 1Short title, extent and commencement.
  2. Section 2Definitions.
  3. Section 3Projected growth rate.
  4. Section 4Base year.
  5. Section 5Base year revenue.
  6. Section 6Projected revenue for any year.
  7. Section 7Calculation and release of compensation.
  8. Section 8Levy and collection of cess.
  9. Section 8APower not to recover cess not levied or short levied as a result of general practice.
  10. Section 9Returns, payments and refunds.
  11. Section 10Crediting proceeds of cess to Fund.
  12. Section 11Other provisions relating to cess.
  13. Section 12Power to make rules.
  14. Section 13Laying of rules before Parliament.
  15. Section 14Power to remove difficulties.