https://www.taxtmi.com/acts?id=24084 The GST Compensation Fund is a non-lapsable fund in the public account of India, credited with cess proceeds and other recommended amounts for payment of compensation to States. Unutilised balances are shared between the Centre and the States under the statutory distribution mechanism, including a recovery arrangement for shortfalls against compensation payable. The Fund's accounts must be audited by the Comptroller and Auditor-General of India, and the certified accounts and audit report laid before each House of Parliament. en-us Mon, 27 Mar 2017 17:38:33 +0530 Mon, 22 Jun 2026 18:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24084 The GST Compensation Fund is a non-lapsable fund in the public account of India, credited with cess proceeds and other recommended amounts for payment of compensation to States. Unutilised balances are shared between the Centre and the States under the statutory distribution mechanism, including a recovery arrangement for shortfalls against compensation payable. The Fund's accounts must be audited by the Comptroller and Auditor-General of India, and the certified accounts and audit report laid before each House of Parliament. Act-Rules GST Mon, 27 Mar 2017 17:38:33 +0530 https://www.taxtmi.com/acts?id=24084