The Maharashtra Goods and Services Tax (Compensation to the Local Authorities) Act, 2017
State Act of Maharashtra · Act 41 of 201711 provisions
The enactment
| Long title | An Act to provide for compensation to the Municipal Corporation of Brihan Mumbai and other local authorities for loss of revenue arising on account of abolition of octroi and local body tax, due to implementation of the goods and services tax and for matters connected therewith or incidental thereto. |
|---|---|
| Type | Act |
| Citation | Act 41 of 2017 |
| Year | 2017 |
| Jurisdiction | State of Maharashtra |
| Ministry | Govt of Maharashtra |
| Status | In force as published by the source |
| Provisions published | 11 |
| Subjects | taxation, local |
Full text, provision by provision
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- Section 1 Short title, extent and commencement.
- Section 2 Definitions.
- Section 3 Projected growth rate.
- Section 4 Base year.
- Section 5 Base year revenue.
- Section 6 Projected revenue for first year.
- Section 7 Projected revenue for any other year.
- Section 8 Calculation and release of compensation.
- Section 9 Amendment of Schedule.
- Section 10 Power to make rules.
- Section 11 Power to remove difficulties.
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