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of <h1>GST Cess Funds: 50% of Unused Funds to Consolidated Fund, Rest Allocated by SGST Revenue, per Draft Act Sections 8 & 10.</h1> The proceeds from the GST Compensation Cess, as per Section 10 of the Draft Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016, are to be credited to a non-lapsable GST Compensation Fund. This fund is used for purposes outlined in Section 8. Payments to states under Section 7 are made from this fund. At the end of the transition period, 50% of any unutilized funds are transferred to the Consolidated Fund of India, distributed between the Centre and States, and the remaining 50% is allocated among states based on their SGST revenue in the last transition year.
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