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<h1>GST compensation to states creates a central framework for reimbursing state revenue shortfalls after GST implementation by notification.</h1> Establishes a statutory scheme titled the Goods and Services Tax (Compensation to States) Act, 2017 to provide compensation to States for revenue loss from GST implementation; extends to the whole of India; and vests commencement power in the Central Government to notify the Act into force, with commencement effected from 1 July 2017 by Central Government notification.