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ActIndia CodeWednesday, 12 April 2017

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

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Central or state Act — primary legislation passed by the legislature. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Central Act enacted 2017-04-12. Full text on India Code (indiacode.nic.in).
Key Facts
TypeAct
SourceIndia Code (Historical)
PublishedWednesday, 12 April 2017
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
PM-JAY: 55 crore beneficiaries
Key Authorities
Ministry of FinanceRBISEBIDEAMinistry of Social Justice & Empowerment
Key Stakeholders
TaxpayersBanks & NBFCsInvestorsBPL FamiliesSenior CitizensPersons with Disabilities
Government Context
NDA IBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Finance & Economy668 tracked→Social Protection245 tracked→
Read Full Text at Source
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