Consolidated settlement reports govern monthly fund transfers between tax accounts and the Integrated Tax account. Monthly consolidated settlement reports are to be maintained for each State and Union Territory in FORM GST STL - 7.01, and for the Centre in FORM GST STL - 7.02, to record fund transfers between the relevant tax accounts and the Integrated Tax account. Each report is to be prepared on the basis of the consolidated summary of settlement details contained in the specified settlement forms.
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Provisions expressly mentioned in the judgment/order text.
Consolidated settlement reports govern monthly fund transfers between tax accounts and the Integrated Tax account.
Monthly consolidated settlement reports are to be maintained for each State and Union Territory in FORM GST STL - 7.01, and for the Centre in FORM GST STL - 7.02, to record fund transfers between the relevant tax accounts and the Integrated Tax account. Each report is to be prepared on the basis of the consolidated summary of settlement details contained in the specified settlement forms.
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