GST compensation fund ensures cess proceeds fund state compensation and prescribes distribution and audit safeguards. Proceeds of the cess and amounts recommended by the Council shall be credited to a non-lapsable Goods and Services Tax Compensation Fund in the public account; amounts payable to States under the compensation provisions are to be paid from the Fund. Unutilised balances are to be split between the Consolidated Fund of India and States in specified proportions, with amendment-authorised transfers during the transition period and prescribed recovery rules for shortfalls. The Fund's accounts are auditable by the Comptroller and Auditor-General or an appointee and the certified accounts with the audit report are to be laid before Parliament.