Section 6
PROJECTED REVENUE FOR ANY YEAR
Bills
GST – Compensation to the States for Loss of Revenue
Section 6 of Draft – Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016 – [November 2016]
6. PROJECTED REVENUE FOR ANY YEAR
\n 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.
\n Illustration: If the base year revenue for 2015-16 for a concerned State, calcu<\/p>\n
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