In force
The Goods and Services Tax (Compensation to States) Act, 2017
16 sections · As amended up to 2026-08
Sections
- 0Section 0
- 1Ins. by Act 8 of 2023, s. 163 (w.e.f. 1-4-2023)
- 2The Constitution (One Hundred and First Amendment) Act, 2016, has amended the Constitution to facili
- 3The Goods and Services Tax (Compensation to States) Bill, 2017, inter alia , provides for the following, namely:
- 4The Bill seeks to achieve the above objectives
- 5Base year revenue
- 6Projected revenue for any year
- 7Calculation and release of compensation
- 8Levy and collection of cess
- 8APower not to recover cess not levied or short levied as a result of general practice
- 9Returns, payments and refunds
- 10Crediting proceeds of cess to Fund
- 11Other provisions relating to cess
- 12Power to make rules
- 13Laying of rules before Parliament
- 14Power to remove difficulties