https://www.taxtmi.com/acts?id=32544 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. en-us Fri, 31 Aug 2018 11:45:16 +0530 Fri, 31 Aug 2018 11:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32544 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. Act-Rules F. Acts / Amendment Acts Fri, 31 Aug 2018 11:45:16 +0530 https://www.taxtmi.com/acts?id=32544