Distribution of unutilised GST compensation fund: half to Centre, half to States by base-year revenue ratio. The amendment requires that unutilised amounts in the GST Compensation Fund during the transition period be split equally: fifty per cent transferred to the Consolidated Fund of India as the Centre's share, and fifty per cent distributed to States in the ratio of their base year revenue. Where Fund collections fall short of compensation requirements for any two-month period, fifty per cent of the shortfall, not exceeding amounts earlier transferred, shall be recovered from the Centre and the remaining fifty per cent from the States in the base year revenue ratio.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Distribution of unutilised GST compensation fund: half to Centre, half to States by base-year revenue ratio.
The amendment requires that unutilised amounts in the GST Compensation Fund during the transition period be split equally: fifty per cent transferred to the Consolidated Fund of India as the Centre's share, and fifty per cent distributed to States in the ratio of their base year revenue. Where Fund collections fall short of compensation requirements for any two-month period, fifty per cent of the shortfall, not exceeding amounts earlier transferred, shall be recovered from the Centre and the remaining fifty per cent from the States in the base year revenue ratio.
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