<h1>Government Compensates States for GST Revenue Losses Under GST (Compensation to States) Act, 2017; Rs. 39,893 Crore Paid.</h1> The government is compensating states for revenue losses under the GST framework, as outlined in the GST (Compensation to States) Act, 2017. The compensation is calculated based on the revenue loss since the implementation of GST, using the financial year 2015-16 as the base year. A projected nominal growth rate of 14% per annum is used for this calculation. From July 2017 to February 2018, a total of Rs. 39,893 crore was paid to states and union territories in compensation. The payments were made bimonthly, with amounts varying across different periods. This information was provided by a government official in the Rajya Sabha.