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of <h1>Indian States Compensated for GST Revenue Losses Under 2017 Act Following Constitutional Amendment</h1> The Goods and Services Tax (Compensation to States) Act, 2017, aims to compensate Indian states for revenue losses due to the implementation of the Goods and Services Tax, as per the Constitution's One Hundred and First Amendment. The Act applies across India and its commencement date is determined by the Central Government through an official notification. It officially came into force on July 1, 2017, as per Notification No. 1/2017 issued on June 28, 2017.
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