TaxTMI 
TaxTMI 
Goods and Services Tax Settlement of Funds Rules, 2026
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....r of Accounts, Central Board of Indirect Taxes and Customs and State Accounting Authorities of the respective States; (b) "Board" means the Central Board of Indirect Taxes and Customs constituted under the Central Boards of Revenue Act, 1963 (54 of 1963); (c) "cross utilisation of credit" means utilisation of- (i) credit on account of Integrated Tax for payment of Central Tax or State Tax or Union Territory Tax; or (ii) credit on account of Central Tax or State Tax or Union Territory Tax for payment of Integrated Tax, in accordance with the provisions of sections 49 or 49A or 49B of the Central Goods and Services Tax Act, 2017 read with the provisions of sections 49 or 49A or 49B of the concerned State Goods and Services Tax Act, 2017 or section 9 or 9A or 9B of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017) or section 18 of the Integrated Goods and Services Tax Act, 2017, as the case may be; (d) "Government" means the Central Government; (e) "input tax credit" means the credit of input tax; (f) "registered person" means a person who is registered under section 25 of the Central Goods and Services Tax....
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....ces Tax Act of the concerned State (hereinafter referred to as State Goods and Services Tax Act), section 10 of the Union Territory Goods and Services Tax Act, 2017 and section 18 of the Integrated Goods and Services Tax Act, 2017; (ii) from the Centre (Integrated Tax) to the State (State Tax) or the Centre (Union Territory Tax) on account of apportionment as provided for in section 17 of the Integrated Goods and Services Tax Act, 2017. (b) the monthly reports containing State-wise details pertaining to the information contained in FORM GST STL - 1.01 are as under, namely:- (i) list of registered persons of the State or Union Territory who have discharged liability of Integrated Tax by utilising the input tax credit of State Tax or Union Territory Tax or Central Tax, in accordance with section 53 of the Central Goods and Services Tax Act, 2017 or section 53 of the State Goods and Services Tax Act, 2017 or section 10 of the Union Territory Goods and Services Tax Act, 2017 (including cross utilisation by Input Service Distributor), as the case may be, shall be in FORM GST STL - 1.02. Note: The summary of Integrated Tax liability discharged by using....
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....1, respectively; (B) list of registered persons of a State or Union Territory who have made outward inter- State supplies to,- (I) a person paying tax under section 10 of the Central Goods and Services Tax Act, 2017 or to Non-resident taxable persons; or (II) persons registered under section 51 or section 52 of the Central Goods and Services Tax Act, 2017 of another State or Union Territory; or (III) such holders of Unique Identification Number who have not claimed refund of the input tax within the time allowed in this regard, shall be in FORM GST STL - 1.05. Note: The summary of Integrated Tax to be apportioned as State Tax or Union Territory Tax and Central Tax from this statement shall be reflected in column (6) of both FORM GST STL - 1.01 and FORM GST STL - 2.01, respectively; (C) list of registered persons of a State or Union Territory who have received inter-State inward supplies or have effected imports in respect of which the input tax credit,- (I) has been declared as ineligible; or (II) has lapsed due to opting into composition scheme or where the supply has become wholly exempt, as provided....
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....e formulated in this behalf. Note: The summary of Integrated Tax to be apportioned as State Tax or Union Territory Tax and Central Tax from this statement shall be reflected in column (8) of both FORM GST STL - 1.01 and FORM GST STL - 2.01, respectively; (E) list of unregistered persons who have made imports in the concerned State or Union Territory, in terms of clause (d) of sub-section (1) of section 17 of the Integrated Goods and Services Tax Act, 2017 shall be reflected in FORM GST STL - 1.08. 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; (F) list of,- (I) composition taxpayers who have received supplies by way of imports on which Integrated Tax has been paid; or (II) Unique Identification Number holders who have received supplies by way of imports on which Integrated Tax has been paid and who have not claimed refund within the time period specified in this regard; or (III) persons registered under section 51 or 52 of the Act in a State or....
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....017 shall be in FORM GST STL - 2.02. Note: The summary of the liability of Central Tax discharged by utilising the credit of Integrated Tax shall be reflected in column (4) of FORM GST STL - 2.01 and the summary of Integrated Tax liability discharged by utilising credit of Central Tax shall be reflected in column (3) of FORM GST STL - 2.01. 6. Report relating to apportionment of Integrated Tax recovered against demand and admitted amount deposited at the time of filing appeal, between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax).- The details relating to recoveries of Integrated Tax and interest and penalty thereon on the basis of a demand order, or admitted amount deposited at the time of filing appeal or the compounding amount to be made in month shall be transmitted by the common portal to the Authorities in FORMS GST STL - 3.01 to GST STL - 3.02, as follows, namely:- (a) a monthly State-wise consolidated statement showing a summary of amount recovered as Integrated Tax, and the interest and penalty thereon, or admitted amount deposited at the time of filing appeal or the compounding amount, to be apportioned to State (State Tax....
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.... period prescribed in section 54 or the claim of the refund has been rejected, either fully or partially, on any ground other than the reason specified in rule 4(b)(iii)(A)(III) or 4(b)(iii)(A)(IV) above, shall be included in the report in FORM STL - 4.02. (c) the details of Integrated Tax collected in respect of which the taxable person making the underlying supplies is not identifiable, and is to be apportioned as provided under second proviso to sub-section (2) of section 17 of the Integrated Goods and Services Tax Act, 2017 shall be in FORM GST STL - 4.03 and this shall be an annual report to be submitted in October each year. 8. Report relating to reduction of amount to be apportioned to Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax) due to Integrated Tax apportioned earlier but subsequently refunded.- (1) The details relating to reduction of amount to be apportioned to Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax), to be made in a month shall be transmitted by the common portal to the Authorities, in FORMS GST STL - 5.01 to GST STL - 5.04, due to Integrated Tax apportioned earlier but- (a) subsequen....
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....Tax and Central Tax shall be reflected at S.No.1 of FORM GST STL - 5.01; (ii) list of registered taxpayers where Integrated Tax recovered under section 79 of Central Goods and Services Tax Act, 2017 and State Goods and Services Tax Act, 2017 of the concerned State (or section 21 of Union Territory Goods and Services Tax Act, 2017) or paid consequent to a demand raised by the proper officer is apportioned, and the amount so recovered is subsequently refunded pursuant to an appeal order, as provided under sections 107, 112, 113, 117 and 118 of the Central Goods and Services Tax Act, 2017 and the State Goods and Services Tax Act, 2017 of the concerned State (or section 21 of the Union Territory Goods and Services Tax Act, 2017), or where the amount of Integrated Tax paid is subsequently refunded in terms of section 77 of the Central Goods and Services Tax Act, 2017 and the respective State Goods and Services Tax Act, 2017, as aforesaid, leading to reduction in Integrated Tax shall be in FORM GST STL - 5.03. Note: The summary of reduction in amount to be debited to State Tax or Union Territory Tax and Central Tax shall be reflected at S.No. 2 of FORM GST STL - 5.01; ....
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....taxpayer and amount transferred from one head to another of the electronic cash ledger of the registered person or from one head to another of the electronic cash ledger of a distinct person shall be in FORM GST STL - 6.01 and details provided as under; (A) list of taxpayers from whose refund amount of any liability has been recovered shall be in FORM GST STL - 6.02 and major or minor head wise summary thereof shall be in FORM GST STL - 6.02A; and (B) list of taxpayers who have made inter head transfer of amount within cash ledger shall be in FORM GST STL - 6.03 and major or minor head wise summary thereof shall be in FORM GST STL - 6.03A and State-wise summary shall be in FORM GST STL - 6.05; (ii) summary of refunds of State Tax or Union Territory Tax disbursed by the Centre shall be transmitted to the Central Government in FORM GST STL -6.04 along with a taxpayer-wise list thereof in Form GST STL - 6.04A. Note: FORM GST STL - 6.04 is not part of the settlement process but the report is transmitted to the Department of Revenue. 10. Consolidated Settlement Report for each State and Union Territory and for Centre.- (1) A monthly Consolidated Se....
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....s and Principal Chief Controller of Accounts by 25th of the said subsequent month; (c) based on the revised calculation received from Goods and Services Tax Network and after having reconciled the discrepancy referred to in clauses (a) and (b), in case any changes have been made with respect to any State, the Principal Chief Controller of Accounts shall calculate the net payment to be made from Integrated Goods and Services Tax account to each State or vice versa and shall send to Department of Revenue a final State-wise summary of the same within three days of receipt of the revised data from Goods and Services Tax Network and based on receipt of this data a final sanction order for the month shall be issued by the Department of Revenue as per the following procedure namely:- (i) the Principal Chief Controller of Account shall send to Department of Revenue, Ministry of Finance the details of the State-wise fund settlement with States; (ii) a designated officer in the Department of Revenue shall issue the sanction order of funds to be transferred from Integrated Goods and Services Tax account to each State or vice versa after obtaining necessary approvals....
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.... namely:- (i) on receipt of the reports generated in accordance with the Standard Operating Procedure provided by Goods and Services Tax Network for every month, the State Tax nodal authorities shall reconcile the details of the payments received, Input Tax Credit cross-utilisation, reversals and declarations thereof and apportionment details as received from Goods and Services Tax Network, and where any discrepancy is noticed in respect of the said reports, the concerned nodal authority shall communicate the same to the Goods and Services Tax Network their findings with respect to the said discrepancy, attaching thereto a detailed explanation in support of their findings, along with the necessary evidence and documents, if any, connected to the said matter, as far as possible, within a period of three months from the end of the month in which the reports are received; (ii) the communication, findings, explanation and the evidence and documents referred to in sub-clause (i) above shall be examined in detail by Goods and Services Tax Network, as far as possible, within a period of three months from the end of the month in which the said communication is received, a....
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....lies liable to reverse charge received by composition taxable persons and Non-resident taxable persons (1.09) SGST/ UTGST portion of interest related to returns paid on IGST / fee deposited for advance ruling (1.12) Net Amount payable (-) by State/UT to Centre/ receivable (+) from Centre to State/UT [sum of col. 4 to 11 - col. 3] (8) (9) (10) (11) (12) On account of domestic transactions On account of imports Net Amount payable (-) by State/UT to Centre/ receivable (+) from Centre to State/UT [sum of col. 4 to 11 - col. 3] Comments - Consequential changes due to changes in list reports. THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] 72 Report GST STL - 1.02 [See Rule 4(b)(i)] List of registered persons of the State/UT who have adjusted IGST liability from ITC of SGST/ UTGST and CGST (for col. 3 of 1.01 & 2.01) [Sec 53 of CGST/SGST Act] (Source: Forms: GSTR-3B, GSTR-6, ITC-03, REG-16/GSTR-10) State/UT - Year - Month - (Amount in Rs.) Sr. No. GSTIN Trade name (Legal name, if not available) Category of cross- utilization (Returns/ Other than returns) ARN/ IGST Demand Tax period of return IGST paid from CGST ITC IGST paid from SGST/ UTGST ITC ....
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....ाग II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 75 Report GST STL - 1.05 [See Rule 4(b)(iii)(B)] List of other State/UT registered persons who have made inter-State supply to composition taxable person /Non-resident taxable person /Person registered for deducting TDS of the State/UT/ UIN holders who have not claimed refund and time period for claiming refund has expired (for col. 6 of 1.01& 2.01) [Sec 17 of IGST Act] (Source: Forms: GSTR-1, GSTR-3B) State/UT - Year - Month - (Amount in Rs.) Sr. No. State/ UT of supplier GSTIN of supplier Trade name (Legal name, if not available) Category of recipient GSTIN of Recipient/ UIN Trade name (Legal name, if not available) ARN Tax period of return IGST paid SGST/ UTGST portion of IGST CGST portion of IGST (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) Total Note: Column 5 shall have following categories: (e) Category A: Composition taxable persons, (f) Category B: Non-resident taxable persons, (g) Category C : UIN holders who have not claimed refund and time period....
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....available for apportionment SGST/ UTGST portion of unavailed portion of IGST CGST portion of unavailed portion of IGST (1) (2) (3) (4) (5) (6) (7) (8) Part A: (On account of domestic transactions) Sub-total (Part A) Part B: (On account of imports) Sub-total (Part B) Grand Total (A+B) Note: This report will include the details of those recipient taxable persons who have filed the return but not availed ITC till the specified period as provided for in section 16(4) of CGST/SGST Act. THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] 78 Report GST STL - 1.08 [See Rule 4(b)(iii)(E)] List of unregistered persons who have made import of goods (for col. 9 of 1.01 & 2.01) [Sec 17 of IGST Act] (Source: Forms: Bill of Entry) State/UT - Year - Month - (Amount in Rs.) Sr. No. Name of unregistered Person IEC Address IGST paid including interest, if any SGST/ UTGST portion of IGST CGST portion of IGST (1) (2) (3) (4) (5) (6) (7) Total Note: This report will include details of persons as received from Customs authorities, if made available. Source: Import data from Custom authorities. [à¤à¤¾à¤— II-खणà¥à¤....
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....ruling SGST/ UTGST portion of Fee collected on IGST for advance ruling CGST portion of Fee collected on IGST for advance ruling (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) Total Notes: 1) The interest will be apportioned among the States of recipient. 2) Fee deposited for filing advance ruling application under IGST will be apportioned to the concerned States. Comments - Advance fee is also being paid under IGST head now. [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 81 Report GST STL - 2.01 [See Rule 5(a)] State/UT wise book adjustment between CGST and IGST based on returns, other than returns and information received from Customs authorities. [Section 17 and 18 of IGST Act and Sec 53 of CGST/SGST Act] Year - Month - (Amount in Rs.) Sr No. State/UT IGST Liability adjusted against CGST ITC (including cross utilization by ISD) (1.02) CGST Liability adjusted against IGST ITC (2.02) CGST portion of IGST collected on B2C supplies including ISD distribution to unregistered unit and OIDAR Services (1.04) CGST po....
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....ar - Month - (Amount in Rs.) Sr No. State/UT Category of IGST amount to be distributed Amount of IGST recovered or admitted amount deposited at the time of filing appeal Amount apportioned Tax 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 Notes: 1) Relevant Section: Sec 73, 74, 74A, 128A, 79, 129, 107(6), 112(8) of CGST/SGST Act and other relevant sections. 2) Category mentioned in column 3 above shall be as follows : (c) Category A : IGST amount recovered on demand, and (d) Category B : Admitted IGST amount deposited at the time of filing appeal under section 107,112 of CGST/ SGST Act. [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 85 Report GST STL - 3.02 [See Rule 6(b)] List of registered persons from whom IGST amount recovered against demand and admitted amount deposited at the time of filing appeal (Source: Forms: DRC-03, DRC-3A, DRC-07/DRC-08, APL-01, APL-04) State/UT - Year - Month - (Amoun....
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....and 5 of 4.01) [Sec 17 of IGST Act] Year - Month - a) Amount of IGST to be distributed b) CGST Portion out of the amount mentioned at (a) ...... c) Balance amount to distributed among States/UT's (a-b) .... (Amount in Rs.) Sr No. State/UT Amount of tax collected in previous year Ratio of Tax collected SGST/ UTGST portion of IGST (1) (2) (3) (4) (5) Total Note : Apportionment is to done in the ratio of tax collection in the preceding year. Comments - POS is mandatory in all relevant forms. There will be no record entered without POS. Comments - Not relevant as Temp. ID or GSTIN is mandatory. [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 89 Report GST STL - 5.01 [See Rule 8(2)(a)] 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 settled to Centre (Central Tax) a....
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....(10) (11) (12) (13) Total Note : Relevant section - Sec 79, 107, 112, 117 and 118 of CGST / SGST Act along with Sec 50 of CGST/ SGST Act THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] 92 Report GST STL - 5.04 [See Rule 8(2) (b) (iii)] (for S. No. 3 of 5.01) List of registered taxpayers where wrongly settled amount has been recovered State/UT - Year - Month - (Amount in Rs.) Sr. No. GSTIN/UIN Trade name (Legal name, if not available) ARN Tax period of ARN Recovery of already settled amount SGST/ UTGST portion of IGST CGST portion of IGST (1) (2) (3) (4) (5) (6) (7) (8) Total [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 93 Report GST STL - 7.01 [See Rule 10(1)] Consolidated Settlement Report for State/UT State/UT - Year - Month - (Amount in Rs.) Sr. no. Details Amount to be credited Amount to be debited Net Settlement Amount 1. Settlement of accounts between Centre and State/UT relating to Returns and others (GST STL 1.01) 2. Apportionment of IGST amount recovered and admitted a....
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....(+) Major head Amount IGST CGST SGST/ UTGST Cess (1) (2) (3) (4) (5) (6) (7) (8) 1. Recovery out of refund (6.02) IGST CGST SGST/UTGST Cess 2. Transfer from cash ledger (6.03) IGST CGST SGST/UTGST Cess 3. Total (1+2) IGST CGST SGST/UTGST Cess 4. Net amount to be Transferred (+) / (-) IGST to CGST IGST to SGST/UTGST IGST to Cess CGST to SGST/UTGST CGST to Cess SGST/ UTGST to Cess THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] 96 Report GST STL - 6.02 [See Rule 9(b)(i)(A)] List of taxpayers from whose refund, recovery has been made (Source: Forms: RFD-06) Year State - Month - – (Amount in Rs.) Sr. No. GSTIN / Temp. ID Demand order no. Demand order date Refund order no. Refund order date Amount transferred out of refund sanctioned (-) Amount transferred to (recovery made) (+) Major head Amount IGST CGST SGST/ UTGST Cess (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) IGST CGST SGST / UTGST Cess Total IGST CGST SGST / UTGST Cess [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤....