GST compensation growth rate fixed at fourteen per cent annually for State revenue calculations during the transition period. The projected nominal growth rate of revenue subsumed for a State during the transition period is fixed at fourteen per cent per annum. The provision sets the benchmark growth rate for compensation-related revenue calculations under the GST compensation framework for States during the transition period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST compensation growth rate fixed at fourteen per cent annually for State revenue calculations during the transition period.
The projected nominal growth rate of revenue subsumed for a State during the transition period is fixed at fourteen per cent per annum. The provision sets the benchmark growth rate for compensation-related revenue calculations under the GST compensation framework for States during the transition period.
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