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The Maharashtra Goods and Services Tax (Compensation to the Local Authorities) Act, 2017

महाराष्ट्र वस्तू व सेवा कर (स्थानिक प्राधिकरणांना भरपाई देण्याबाबत) अधिनियम, २०१७.

Maharashtra

An Act to provide for compensation to the Municipal Corporation of Brihan Mumbai and other local authorities for loss of revenue arising on account of abolition of octroi and local body tax, due to implementation of the goods and services tax and for matters connected therewith or incidental thereto.

Act number
41 of 2017
Ministry
Govt of Maharashtra
Department
Finance Department
Enacted
29 May 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.

11 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 first year.
  7. Section 7Projected revenue for any other year.
  8. Section 8Calculation and release of compensation.
  9. Section 9Amendment of Schedule.
  10. Section 10Power to make rules.
  11. Section 11Power to remove difficulties.