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<h1>Base year revenue calculation governs GST compensation baseline, specifying included and excluded pre GST taxes and audit requirements.</h1> Base year revenue specifies the pre GST State and Union taxes, net of refunds, to be aggregated as the fiscal baseline for GST compensation-listing taxes subsumed into GST and excluding receipts from petroleum products, natural gas, aviation turbine fuel, alcoholic liquor for human consumption, and certain local entertainment taxes; audited Comptroller and Auditor General figures are required; Jammu and Kashmir's service tax receipts, revenue foregone for investment exemptions in specified States, and amounts not credited to a State's Consolidated Fund are addressed by prescribed conditions and notifications.