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Goods and Services Tax (Compensation to States) Act, 2017

Ministry of Law and Justice (Legislative Department), vide Gazette Notification dated the 12th April, 2017, has published the Goods and Services Tax (Compensation to States) Act, 2017 (No. 15 of 2017).

The Act received the assent of the President on the 12th April, 2017. It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

It is an Act to provide for compensation to the States for the loss of revenue arising on account of implementation of the goods and services tax in pursuance of the provisions of the Constitution (One Hundred and First Amendment) Act, 2016.

A full copy of the Act along with amendments thereto is available in the GST & CBIC official websites.

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