https://www.taxtmi.com/acts?id=24081 Compensation payable to a State during the transition period is calculated and released provisionally every two months and finally after audited revenue figures are received. Final compensation is the difference between projected revenue in the absence of GST and the State's actual revenue, consisting of State tax collections net of refunds, apportioned integrated goods and services tax, and other specified tax collections net of refunds. Any excess provisional or final amount is adjusted against compensation payable in the subsequent financial year, and excess compensation may be refunded to the Central Government. en-us Mon, 27 Mar 2017 17:36:43 +0530 Mon, 22 Jun 2026 17:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24081 Compensation payable to a State during the transition period is calculated and released provisionally every two months and finally after audited revenue figures are received. Final compensation is the difference between projected revenue in the absence of GST and the State's actual revenue, consisting of State tax collections net of refunds, apportioned integrated goods and services tax, and other specified tax collections net of refunds. Any excess provisional or final amount is adjusted against compensation payable in the subsequent financial year, and excess compensation may be refunded to the Central Government. Act-Rules GST Mon, 27 Mar 2017 17:36:43 +0530 https://www.taxtmi.com/acts?id=24081