Section 6 – Draft-Bills-Reports – GST – Compensation to the States for Loss of Revenue – Draft – Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016 – [November 2016] – Section 6 – 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 &#
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