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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

Key Stakeholders

Government Context

NDA IBJP-led NDA

Centre-Right

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Finance & Economy671 tracked→Social Protection243 tracked→

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