<h1>Goods and Services Tax compensation: States receive provisional bi monthly payments for revenue shortfall funded by a specified compensation cess.</h1> The Act provides temporary compensation to States for revenue loss from GST implementation by using 2015-16 as the base year and a 14% projected growth rate to compute projected revenues; actual revenue comprises net State tax receipts, apportioned integrated tax and specified subsumed collections certified by auditors. Compensation equals the gap between projected and actual revenue, paid provisionally every two months and finally adjusted after audited figures. A compensation cess on specified supplies finances a non lapsable Compensation Fund from which all payments are made; unutilised balances after the transition period are equally shared between Centre and States.