GST fund settlement rules establish reconciliation, revised calculations, and sanction procedures for State-wise account adjustments. Rule 11 governs GST fund settlement and discrepancy resolution. The Principal Chief Controller of Accounts must compute the net payment from the Integrated Goods and Services Tax account to each State or vice versa and send a State-wise summary to the Department of Revenue for issuance of provisional and final sanction orders. The rule prescribes reconciliation of monthly GSTN data, revised calculations where discrepancies are raised, and subsequent inter-government advice, clearance memos and accounting entries. It also provides a separate process for discrepancies in Standard Operating Procedure lists, including detailed reporting by State Tax nodal authorities and inclusion of eligible amounts in the succeeding report period.
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.
GST fund settlement rules establish reconciliation, revised calculations, and sanction procedures for State-wise account adjustments.
Rule 11 governs GST fund settlement and discrepancy resolution. The Principal Chief Controller of Accounts must compute the net payment from the Integrated Goods and Services Tax account to each State or vice versa and send a State-wise summary to the Department of Revenue for issuance of provisional and final sanction orders. The rule prescribes reconciliation of monthly GSTN data, revised calculations where discrepancies are raised, and subsequent inter-government advice, clearance memos and accounting entries. It also provides a separate process for discrepancies in Standard Operating Procedure lists, including detailed reporting by State Tax nodal authorities and inclusion of eligible amounts in the succeeding report period.
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