TaxTMI 
TaxTMI 
Goods and services Tax Settlement of funds Rules, 2017
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....ounting Authorities of the respective States; (b) "Board" means the Central Board of Excise and Customs constituted under the Central Boards of Revenue Act, 1963; (c) "Government" means the Central Government; (d) "input tax credit" means the credit of input tax; (e) "registered person" means a person who is registered under section 25 of the Central Goods and Services Tax Act, 2017, but does not include a person having a Unique Identity Number; (f) "reports' means any report specified or otherwise required to be furnished by or under these rules; (g) "State Accounting Authority" means Accounting Authority of any State as notified by the concerned State Government; (h) "State Tax Nodal Authority" means the Taxation Authority of any State as notified by the concerned State government (s); (2) Words and expressions used and not defined in these rules, but defined in the Central Goods and Services Tax Act, 2017, the Integrated Goods and Services Tax Act, 2017 and the Union Territories of Goods and Services Tax Act, 2017 shall have the same meanings as respectively assigned to them in those Acts. 3. Electronic transmi....
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....T STL - 01.01 are as under- (i) list of registered persons of the State or Union Territory who have adjusted liability of Integrated Tax from the input tax credit of State Tax or Union Territory Tax and Central Tax, as provided under section 53 of the Central Goods and Services Tax Act and the State Goods and Services Tax Act, or section 21 of the Union Territory Goods and Services Tax Act (including cross utilisation by Input Service Distributor), as the case may be, in FORM GST STL - 01.02. Note: The summary of Integrated Tax paid from the input tax credit of Central Tax and from the input tax credit of State Tax or Union Territory Tax shall be reflected in column 3 of FORMS GST STL 1.01 and 2.01 respectively; (ii) list of registered persons of the State or Union territory who have adjusted liability of State Tax or Union Territory Tax, as the case may be, from the input tax credit of Integrated Tax, as provided under section 18 of the Integrated Goods and Services Tax Act, in FORM GST STL - 01.03. Note: The summary of State Tax/Union Territory Tax paid from the input tax credit of the Integrated Tax shall be reflected in column 4 of FORMS GST ....
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....te or Union Territory, under clause (d) of sub-section (1) of section 17 of the Integrated Goods and Services Tax Act, in FORM GST STL - 01.08. Note: The summary of Integrated Tax to be apportioned to State Tax or Union Territory Tax and Central Tax from this statement shall be reflected in column 9 of both FORM GST STL 1.01 and FORM GST STL 2.01, respectively; (e) list of composition taxpayer or Unique Identification Number holders in a State or Union Territory who have made imports, in FORM GST STL - 01.09. Note: The summary of Integrated tax to be apportioned to State Tax or Union Territory Tax and Central Tax from this statement shall be reflected in column 10 of both FORM GST STL 1.01 and FORM GST STL 2.01, respectively; (f) list of registered persons in a State or Union Territory who have made imports, on which input tax credit is declared as ineligible as provided for in section 17 of the Central Goods and Services Tax Act and State Goods and Services Tax Act and section 21 of the Union Territory Goods and Services Tax Act, in FORM GST STL - 01.10. Note: The summary of Integrated Tax to be apportioned to State Tax or Union Territo....
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....tre (Integrated Tax) and Centre (Central Tax).- The details relating to the transfer of funds between Centre (Integrated Tax) and Centre (Central Tax) to be made in a particular month relating in FORMS GST STL 02.01 to GST STL - 02.02, are as follows: (a) a monthly consolidated statement containing State-wise details in FORM GST STL - 02.01 containing the month-wise details relating to the total amount to be transferred from the Centre (Integrated Tax) to the Centre (Central Tax), or vice-versa, on account of cross-utilisation of credit as provided for in section 53 of the Central Goods and Services Tax Act and section 18 of the Integrated Goods and Services Tax Act, and from the Centre (Integrated Tax) to the Centre (Central Tax) on account of apportionment as provided for in section 17 of the Integrated Goods and Services Tax Act; (b) monthly reports containing State-wise details containing list of registered persons who have adjusted liability of Central Tax from the input tax credit of Integrated Tax, as provided under section 18 of the Integrated Goods and Services Tax Act, in FORM GST STL - 02.02. Note: The summary of Central Tax paid from the in....
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....ax), and to Centre (Central Tax), in a particular month, in FORMS GST STL 04.01 to GST STL - 04.03 shall be sent for each State and Union Territory, as follows- (a) a monthly State-wise consolidated statement showing a summary of the apportionment of Integrated Tax to State (State Tax) or Centre (Union Territory Tax), and to Centre (Central Tax), in a particular month relating to Integrated Tax collected in respect of which place of supply could not be determined or the taxable person making such supplies is not identifiable, as provided under the proviso of sub-section (2) of section 17 of the Integrated Goods and Services Tax Act, in FORM GST STL 04.01; (b) list of registered persons from whom Integrated Tax has been collected in respect of which place of supply made by taxable person could not be determined, and is to be apportioned as provided under first proviso of sub-section (2) of section 17 of the Integrated Goods and Services Tax Act, in FORM GST STL 04.02; (c) the details of Integrated Tax has been collected in respect of which the taxable person making such supplies is not identifiable, and is to be apportioned as provided under second proviso....
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.... Note: The summary of reduction in amount to be credited to State tax or Union Territory tax and Central tax shall be reflected at S.No.1 of FORM GST STL 5.01; (ii) list of registered taxpayers who had paid Integrated Tax and the said Integrated Tax was already apportioned as the supply was made to composition dealers, and whose tax liability was subsequently reduced due to issuance of credit notes to composition taxpayers, as provided under sections 10 and 34 of the Central Goods and Services Tax Act and the Goods and Services Tax Act of the concerned State (or section 21 of the Union Territory Goods and Services Tax Act), in FORM GST STL 05.03. Note: The summary of reduction in amount to be credited to State tax or Union Territory tax and Central tax shall be reflected at S.No.2 of FORM GST STL 5.01; (iii) list of registered taxpayers who had paid Integrated Tax and the said Integrated Tax was already apportioned as the supply was made to unregistered persons, and whose tax liability was subsequently reduced due to issuance of credit notes to un-registered persons, as provided under section 34 of the Central Goods and Services Tax Act and the Stat....
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.... (vii) list of registered taxpayers where Integrated Tax recovered under section 79 of Central Goods and Services Tax Act and State Goods and Services Tax Act (or section 21 of Union Territory Goods and Services Tax Act) or paid consequent to a demand raised by the proper officer is apportioned, and the demand is subsequently reversed by appeal order, as provided under sections 107,112, 113, 117 and 118 of the Central Goods and Services Tax Act and the Goods and Services Tax Act of the concerned State (or section 21 of the Union Territory Goods and Services Tax Act), leading to reduction in Integrated Tax to be apportioned in FORM GST STL 05.08. Note: The summary of reduction in amount to be credited to State tax or Union Territory tax and Central tax shall be reflected at S.No.7 of FORM GST STL 5.01; (viii) list of registered taxpayers where the liability of payment of Integrated Tax is reduced due to an amendment in the amount payable after the payment on account of rectification of return as provided under sections 37, 38 and 39 of the Central Goods and Services Tax Act and the Goods and Services Tax Act of the concerned State (or section 21 of the Union Terr....
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....ces Tax account to each State or vice versa and shall upload a State-wise summary of the same on the Centralized Accounting portal within three working days of receipt of the data from Goods and Services Tax Network. Thereafter based on uploading of this data a provisional sanction order for the month shall be issued by Department of Revenue as per the procedure laid down in sub-rule (2). (2) Resolution of any discrepancy in data provided by Goods and Services Tax Network: (a) On the basis of the above ledgers provided by Goods and Services Tax Network for every month, the Central and respective State Accounting Authorities, the Board and the State tax nodal authorities shall reconcile the details of the payments received, Input Tax Credit cross-utilisation and apportionment details received from Goods and Services Tax Network, and shall revert to Goods and Services Tax Network and Principal Chief Controller of Accounts in case of any discrepancy by 20th of the subsequent month. (b) If any discrepancy is pointed out by the Central or State(s) Accounting Authority or Taxation Authority within this period, the Goods and Services Tax Network shall look into it and prepare a R....
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....and audit purposes. (viii) State Governments shall come to know about the fund being transferred by Centre through the sanction. (ix) Copy of sanction shall also be endorsed to concerned State Accountant General. (x) The Central Accounting Authority shall generate an Inter Government Advice on the basis of Sanction received from Department of Revenue and send it to Reserve Bank of India [Central Accounts Section, Nagpur] electronically within three days of issue of sanction order. (xi) Reserve Bank of India shall make the necessary fund settlement between the Consolidated Fund of India and the Consolidated Fund of States of the respective State, on the basis of electronic Inter Government Advice; generate the 'Clearance Memo' and transmit the same to Central Accounting Authority and State Accounting Authorities and Accountant General. (xii) The Central Accounting Authorities shall make appropriate accounting entries at the time of issuance of inter Government Advice to Reserve Bank of India. (xiii) The respective State Accounting Authorities and Accountant General shall make appropriate accounting entries at the time of receipt ....
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....upplies including ISD distribution to unregistered unit, exports and supplies to SEZ 5 SGST/ UTGST portion of IGST for inter-State/UT supplies made to Composition taxable person/ Non-resident taxable person/ UIN holders SGST/ UTGST portion of IGST collected on B to B supplies where ITC is declared as ineligible, including lapsed ITC due to opting composition scheme 6 7 SGST/ UTGST portion of IGST collected on B to B supplies where ITC remains unutilized till specified period SGST/ UTGST portion of IGST collected on supplies imported by unregistered persons SGST/ UTGST portion of IGST for supplies imported by Composition taxable persons/ / UIN holders SGST/ UTGST portion of IGST collected on goods/services imported by registered person (other than composition) where ITC is declared as ineligible SGST/UTGST portion of IGST collected on goods imported by registered person where ITC remains unutilized till specified period SGST/ UTGST portion of interest related to ....
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....tered in other State/UT who have made outward inter-State supply, including ISD distribution, to unregistered persons or units of the State/UT (including Online Services supplied to unregistered persons) or taxpayers who have made exports or supplies to SEZ including non-return filers up to specified period. (for col. 5 of 01.01 & 02.01) [Sec 17 of IGST Act] State/UT - Year- Month - (Amount in Rs.) Sr. No. State/UT of supplier GSTIN of supplier Category of Supply Trade ARN Tax GSTIN IGST SGST/ CGST name (Legal period of return name, if of non- return filers of paid UTGST portion of portion of IGST IGST not the available) State, if any 1 2 3 4 5 6 7 8 9 10 11 Total Note: Column (4) shall be given in the following categories: Category A: Inter State supplies made to unregistered persons or ISD distributed to unregistered units Category B: Information relating to online services supplied to unregistered persons by persons located outside country. Category C: Details of recipient taxable persons who have not filed ....
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....GST Act Category B: ITC lapsed due to opting for composition scheme as per section 18(4) of CGST/SGST Act Category C: ITC lapsed due to cancellation of Registration as per section Report GST STL - 01.07 List of registered persons who have made inter-state inward supplies on which ITC remains unutilized till specified period (for col. 8 of 01.01 & 02.01) [Sec 17 of IGST Act] State/UT - Year- Month- (Amount in Rs.) Sr. No. GSTIN Trade name (Legal name, if not available) ARN Tax period of return Unavailed IGST ITC available for SGST/ UTGST portion of CGST portion of unutilized distribution unutilized portion of portion of IGST IGST 2 3 4 5 6 7 8 Total Note: This report will include the details of those recipient taxable persons who have filed the return but not claimed ITC till the specified period as provided for in section 37,38 and 44 of CGST/SGST Act 36 THE GAZETTE OF INDIA: EXTRAORDINARY Report GST STL - 01.08 List of unregistered persons who have made import of goods (for col. 9 of 01.01 & 02.01) [Sec 17 of IGST Act] State/UT- ....
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....T/ CGST IGST ITC UTGST portion of available for portion of unutilized distribution unutilized portion of portion of IGST IGST 1 2 3 4 5 6 7 8 Total Note: This report will cover the cases which were not reported by importer in his GSTR 2/ GSTR 5 Report GST STL - 01.12 List of registered persons who have paid interest on IGST related to returns (for col. 13 of 01.01 & 02.01) [Sec 17 of IGST Act] State/UT- Year- Month - Sr. No. GSTIN Trade name (Legal name, ARN Tax period of return Interest on IGST paid if not available) 1 2 3 4 5 6 Total Note: 1) The interest will be apportioned among the States of recipient. SGST/ UTGST portion of interest paid on IGST 7 (Amount in Rs.) CGST portion of interest paid on IGST 8 38 THE GAZETTE OF INDIA: EXTRAORDINARY Report GST STL - 02.01 [PART II-SEC. 3(i)] State/UT wise book adjustment between CGST and IGST based on returns, other than returns and information received from Customs authorities Sr No. State/UT IGST Liability adjusted CG....
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....d against demand, compounding amount paid and amount deposited for filing appeal [Sec 17 of IGST Act] 39 Year - Month - (Amount in Rs.) Sr ë†ì—… State/UT No. Category of IGST amount to be distributed Tax Amount of IGST recovered or deposited for filing appeal Amount apportioned Interest Penalty Compounding amount Total CGST portion of the IGST SGST/ UTGST portion of the IGST 1 2 3 4 5 6 7 8 9 10 Total Note: 1) Relevant Section: Sec 79, Sec 107, Sec 112 and Sec 138 of CGST/SGST Act 2) Category mentioned in column 3 above shall be as follows: (a) Category A: IGST amount recovered on demand under section 79 of CGST/SGST Act (b) Category B: IGST amount deposited for filing appeal under section 107,112 of CGST/SGST Act (c) Category C: IGST compounding amount deposited under section 138 of CGST/SGST Act Report GST STL - 03.02 List of registered persons from whom IGST amount recovered against demand, compounding amount paid and amount deposited for filing appeal State/UT - Year- Month - Sr. GSTIN No. Trade name Order....
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....istributed b) CGST Portion out of the amount mentioned at (a) c) Balance amount to distributed among States/UT's (a-b) ..... Sr No. State/UT 1 2 Year- Month - (Amount in Rs.) Amount of tax collected in previous Ratio of Tax collected SGST/ UTGST portion of IGST year 3 4 5 Note Apportionment is to done in the ratio of tax collection in the preceding year. à¤à¤¾à¤— II-खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Report GST STL - 05.01 State-wise consolidated statement showing a summary wherein Integrated Tax paid by taxpayer has already been apportioned but subsequently the liability of Integrated tax of the taxpayer is reduced due to various provisions of the CGST Act, SGST Act and UTGST Act leading to a reduction in amount to be apportioned to Centre (Central Tax) and from State (State Tax)/Centre (Union Territory Tax) [Sec 17 of IGST Act] 41 Sr. No. Description 1 1. 2. 3. 4. 5. 6. 7. 8. 2 Issue of credit notes by suppliers where ....
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....and the said Integrated Tax was already apportioned as the supply was made to composition dealers, and whose demand was subsequently reduced due to issuance of credit notes to composition taxpayers State/UT- Year- Month - Sr. GSTIN No. Trade name (Legal name, if not available) ARN Tax period of Credit note no. Credit note date Amount of SGST/ (Amount in Rs.) CGST return IGST involved in the note UTGST portion of IGST portion of IGST 1 2 3 4 5 6 7 8 9 10 Total Relevant section - Section 10 and 34(2) of CGST/SGST Act Report GST STL - 05.04 (for S.No. 3 of 5.01) List of registered taxpayers who had paid Integrated Tax and the said Integrated Tax was already apportioned as the supply was made to unregistered persons, and whose demand was subsequently reduced due to issuance of credit notes to un-registered persons State/UT- Year- Month - Sr. No. GSTIN of supplier ARN Tax period of return Credit note no. Credit note date Amount of IGST involved in the note 1 2 3 4 5 6 7 Total ....
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.....) CGST Sr. No. GSTIN Trade name ARN number Tax Period (Legal name, if of ARN Invoice number in which ITC Invoice date in which ITC Amount of ITC declared Amount of ITC SGST/ UTGST portion now was not available) declared was declared as ineligible, if any 1 2 3 4 5 6 ineligible ineligible, earlier eligible if any claimed as portion of IGST of IGST 7 8 9 10 11 Total Relevant section - Section 17(5) of CGST/SGST Act Report GST STL - 05.08 (for S. No. 7 of 5.01) Reduction due to recovery of outstanding dues and subsequently refunded due to appeal order and interest thereof (List of taxpayers) State/UT - Year- Month- (Amount in Rs.) Sr. GSTIN Trade No. name (Legal name, if Demand Demand Order Order Number date Appeal Order Number Appeal Order Date Amount of outstanding dues refunded SGST/ CGST Amount UTGST portion of portion of of IGST IGST SGST/ CGST UTGST portion interest portion of due to of IGST ....
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....ted Settlement Register for State/UT Sr. no. Details 1. Settlement of accounts between Centre and State/UT relating to Returns (GST STL 1.01) 2. Distribution of IGST amount recovered, 3. 4. compounding amount and amount of pre-deposit (STL 3.01) Distribution of IGST amount where place of supply could not be determined (STL 4.01) Reduction of the amount apportioned already due to issue of credit notes, refund of deposit made for filing appeal etc. (STL 5.01) 5. Settlement between Centre and State/UT on account of recovery made out of refund (STL 6.01) Total State/UT- Year- Month - (Amount in Rs.) Amount to be credited Amount to be debited Net Settlement Amount 46 THE GAZETTE OF INDIA: EXTRAORDINARY Report GST STL - 07.02 Consolidated Settlement Register for Centre (Book adjustment between CGST, IGST or Cess) Sr. no. Details Amount Credited 1. Book adjustment between CGST and IGST for a State/UT relating to Returns (STL 2.01) 2. Distribution of IGST amount recovered, compounding amount and amount of pre-deposit (STL 3.01) 3. Distribution of I....