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of <h1>New Rule Allows Provisional Settlement of Unallocated Integrated GST Based on GST Council's Recommendations.</h1> The Goods and Services Tax Settlement of Funds (Amendment) Rules, 2018, issued by the Ministry of Finance, amends the 2017 rules under the Central Goods and Services Tax Act, Integrated Goods and Services Tax Act, and Union Territory Goods and Services Tax Act. Effective from its publication date, the amendment introduces a new sub-rule allowing the Central Government to provisionally settle any unallocated integrated goods and services tax collected within a financial year, based on recommendations from the Goods and Services Tax Council.
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