https://www.taxtmi.com/news?id=20417 Compensation under the GST (Compensation to States) Act, 2017 is provisionally calculated and released every two months during a five year transition period; the base year for calculations is financial year 2015 16 and a projected nominal growth rate of 14% per annum is applied to subsumed revenues. Compensation payable in a financial year equals the difference between projected revenue and actual revenue collected by a State, and central disbursements were made to States/UTs for July 2017-March 2018 and April-May 2018 with state wise schedules. en-us Sat, 11 Aug 2018 09:37:42 +0530 Sat, 11 Aug 2018 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20417 Compensation under the GST (Compensation to States) Act, 2017 is provisionally calculated and released every two months during a five year transition period; the base year for calculations is financial year 2015 16 and a projected nominal growth rate of 14% per annum is applied to subsumed revenues. Compensation payable in a financial year equals the difference between projected revenue and actual revenue collected by a State, and central disbursements were made to States/UTs for July 2017-March 2018 and April-May 2018 with state wise schedules. News - Sat, 11 Aug 2018 09:37:42 +0530 https://www.taxtmi.com/news?id=20417