https://www.taxtmi.com/acts?id=23169 Base year revenue for a State is the audited sum of revenues collected by the State and local bodies in the base year from taxes subsumed into GST, net of refunds, including specified State and Central levies and defined cesses or surcharges. Excluded are taxes and cesses on petroleum products, natural gas, aviation turbine fuel and alcoholic liquor for human consumption, and entertainment tax collected by local bodies; Jammu and Kashmir's service tax is included. Revenue foregone through prescribed investment exemptions and revenues not credited to the Consolidated Fund may be included subject to prescribed conditions. en-us Mon, 28 Nov 2016 11:16:51 +0530 Tue, 29 Nov 2016 17:38:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23169 Base year revenue for a State is the audited sum of revenues collected by the State and local bodies in the base year from taxes subsumed into GST, net of refunds, including specified State and Central levies and defined cesses or surcharges. Excluded are taxes and cesses on petroleum products, natural gas, aviation turbine fuel and alcoholic liquor for human consumption, and entertainment tax collected by local bodies; Jammu and Kashmir's service tax is included. Revenue foregone through prescribed investment exemptions and revenues not credited to the Consolidated Fund may be included subject to prescribed conditions. Act-Rules Bills Mon, 28 Nov 2016 11:16:51 +0530 https://www.taxtmi.com/acts?id=23169