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        GST

        Section 6 - Projected revenue for any year

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

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        Projected revenue calculation under GST compensation law applies the growth rate to base year revenue through yearly compounding. Projected revenue for any year in a State is calculated by applying the projected growth rate to the base year revenue of that State. The provision treats the base year revenue as the starting point and compounds it by the prescribed growth rate for each intervening year. An illustration shows the computation of projected revenue for a later financial year by applying the growth formula over the relevant number of years.
                        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.

                              Projected revenue calculation under GST compensation law applies the growth rate to base year revenue through yearly compounding.

                              Projected revenue for any year in a State is calculated by applying the projected growth rate to the base year revenue of that State. The provision treats the base year revenue as the starting point and compounds it by the prescribed growth rate for each intervening year. An illustration shows the computation of projected revenue for a later financial year by applying the growth formula over the relevant number of years.


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