Law Rule: GST Settlement of Funds Rules

GST Settlement of Fund Rule – 11 (Other provisions) [Updated  2019] (1) Issue of provisional sanction order for each month- (a) The Principal Chief Controller of Accounts shall maintain a login based Centralized Accounting portal which shall be accessible to State accounting authorities, Central Board of Excise and Customs and State taxation authorities. (b) on … Read moreGST Settlement of Fund Rule – 11 (Other provisions) [Updated 2019]

GST Settlement of Fund Rule – 10 ( Report relating to Consolidated Settlement Register for each State and Union Territory and for the Centre) (1) A monthly consolidated settlement register for each State and Union Territory, in FORM GST STL 07.01 shall be sent and this register shall give consolidated details of transfer of funds … Read moreGST Settlement of Fund Rule – 10 ( Report relating to Consolidated Settlement Register for each State and Union Territory and for the Centre) [Updated 2019]

GST Settlement of Fund Rule – 9 (Report relating to recovery of various taxes from refunds) Report of settlement arising between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax) on account of recovery of any tax, interest, penalty, fees or any other amount from refund, as provided in sub-section (10) of … Read moreGST Settlement of Fund Rule – 9 (Report relating to recovery of various taxes from refunds) [Updated 2019]

GST Settlement of Fund Rule – 8 (Report relating to reduction of amount to be apportioned to Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax) due to Integrated Tax apportioned earlier but subsequently refunded) The details relating to reduction of amount to be apportioned to Centre (Central Tax) and State (State … Read moreGST Settlement of Fund Rule – 8 (Report relating to reduction of amount to be apportioned to Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax) due to Integrated Tax apportioned earlier but subsequently refunded) [Updated 2019]

GST Settlement of Fund Rule – 7 (Report relating to apportionment of Integrated Tax amount, where place of supply could not be determined or taxable person making such supply is not identifiable, between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax)) The details relating to the apportionment of Integrated Tax to … Read moreGST Settlement of Fund Rule – 7 (Report relating to apportionment of Integrated Tax amount, where place of supply could not be determined or taxable person making such supply is not identifiable, between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax)) [Updated 2019]

GST Settlement of Fund Rule – 6 (Report relating to apportionment of Integrated Tax recovered against demand, compounding amount paid and amount deposited for filing appeal between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax)) The details for a particular month relating to recoveries of Integrated Tax, and the interest and … Read moreGST Settlement of Fund Rule – 6 (Report relating to apportionment of Integrated Tax recovered against demand, compounding amount paid and amount deposited for filing appeal between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax)) [Updated 2019]

GST Settlement of Fund Rule – 5 (Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (Integrated Tax) and Centre (Central Tax)) The details relating to the transfer of funds between Centre (Integrated Tax) and Centre (Central Tax) to be made in a particular month relating in FORMS GST STL 02.01 to GST STL … Read moreGST Settlement of Fund Rule – 5 (Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (Integrated Tax) and Centre (Central Tax)) [Updated 2019]

GST Settlement of Fund Rule – 4 (Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (Integrated Tax) and State (State Tax) or Central (Integrated Tax) and Centre (Union Territory Tax)) The details relating to the transfer of funds to be made between Centre (Integrated Tax) and State (State Tax) or Centre (Integrated Tax) … Read moreGST Settlement of Fund Rule – 4 (Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (Integrated Tax) and State (State Tax) or Central (Integrated Tax) and Centre (Union Territory Tax)) [Updated 2019]

GST Settlement of Fund Rule – 3 (Electronic transmission of the Reports) Rule 1 The Goods and Services Tax Network shall transmit reports electronically to the Authorities as provided hereunder. Rule 2 The Reports, as referred to in sub-rule (1) shall be submitted- (a) by 25th of the month in which Goods and Services Tax … Read moreGST Settlement of Fund Rule – 3 (Electronic transmission of the Reports) [Updated 2019]

GST Settlement of Fund Rule – 2 (Definitions) Rule 1 (a) “Authorities” means the Board, State Tax Nodal Authority, Principal Chief Controller of Accounts, Central Board of Excise and Customs and State Accounting Authorities of the respective States; (b) “Board” means the Central Board of Excise and Customs constituted under the Central Boards of Revenue … Read moreGST Settlement of Fund Rule – 2 (Definitions) [Updated 2019]