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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>GST Amendment: Unused Funds Split Equally Between Centre and States; Section 10 Introduces New Sub-section (3A)</h1> The GST (Compensation to States) Amendment Act, 2018 modifies section 10 of the principal Act by adding sub-section (3A). This new provision mandates that 50% of any unutilized funds, as recommended by the Council, be transferred to the Consolidated Fund of India as the Centre's share, while the remaining 50% is distributed among the States based on their base year revenue. In cases where there is a shortfall in the compensation fund, the recovery will be split equally between the Centre and the States, following the same revenue ratio.
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