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 ... Summary
Referred In :
Goods And Services Tax (Compensation To States) Act, 2017
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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