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<h1>GST Compensation Cess allocation: unutilised fund split between Consolidated Fund and States with specified distribution.</h1> Proceeds of the GST Compensation Cess are to be credited to a non lapsable GST Compensation Fund and used for compensation purposes; all payments to States are payable from that Fund. Unutilised balances at the end of the transition period are to be divided between transfer to the Consolidated Fund of India (with further allocation as per the constitutional provision) and distribution among States in proportion to their SGST revenues in the last year of the transition period.