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Amended upto (Year) ⇨

GST COMPENSATION TO STATES ACT
[Amended upto 2025]

CHAPTER NA - Not Applicable

TaxGPT

Summarize Section 7 by TaxGPT in

AA |

Section 7 - Calculation and release of compensation.

7. (1) The compensation under this Act shall be payable to any State during the transition period. (2) The compensation payable to a State shall be provisionally calculated and released at the end of every two months period, and shall be finally calculated for every financial year after the receipt of final revenue figures, as audited by the Comptroller and Auditor-General of India: