https://www.taxtmi.com/news?id=19821 The GST (Compensation to States) Act, 2017 mandates provisional calculation and release of compensation for State revenue loss every two months, using 2015-16 as the base year and a projected nominal growth rate of 14% per annum to estimate counterfactual subsumed revenues; on that basis bi monthly compensation payments were provisionally computed and disbursed for July 2017-February 2018, with aggregate amounts reported for each bimonthly period and a total for the interval. en-us Wed, 28 Mar 2018 16:11:42 +0530 Wed, 28 Mar 2018 16:11:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19821 The GST (Compensation to States) Act, 2017 mandates provisional calculation and release of compensation for State revenue loss every two months, using 2015-16 as the base year and a projected nominal growth rate of 14% per annum to estimate counterfactual subsumed revenues; on that basis bi monthly compensation payments were provisionally computed and disbursed for July 2017-February 2018, with aggregate amounts reported for each bimonthly period and a total for the interval. News - Wed, 28 Mar 2018 16:11:42 +0530 https://www.taxtmi.com/news?id=19821