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        GST

        Section 5 - Base year revenue.

        Goods And Services Tax (Compensation To States) Act, 2017
        GST (COMPENSATION TO STATES)

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        Base year revenue calculation governs GST compensation baseline, specifying included and excluded pre GST taxes and audit requirements. 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.
                      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.

                          Base year revenue calculation governs GST compensation baseline, specifying included and excluded pre GST taxes and audit requirements.

                          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.


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