Base year selection for GST compensation: financial year ending 31 March 2016 governs transition-period compensation calculations. Section 4 fixes the base year for calculating compensation payable during the GST transition period: the financial year ending 31 March 2016 will be taken as the base year for determining state compensation for loss of revenue.
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Provisions expressly mentioned in the judgment/order text.
Base year selection for GST compensation: financial year ending 31 March 2016 governs transition-period compensation calculations.
Section 4 fixes the base year for calculating compensation payable during the GST transition period: the financial year ending 31 March 2016 will be taken as the base year for determining state compensation for loss of revenue.
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