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of <h1>Projected 14% Annual Revenue Growth for States Under GST Compensation Act, 2016 to Offset Potential Losses</h1> The projected nominal growth rate of revenue for a state during the transition period under the Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016, is set at 14% per annum. This statutory provision outlines the expected annual increase in revenue for states as part of the compensation framework to address potential revenue losses due to the implementation of the GST system.
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