Govt. notifies Rules for settling Centre & State funds; GSTN to transmit prescribed reports

Finance Ministry notifies the “Goods and Services Tax Settlement of Funds Rules, 2017” to regulate apportionment of taxes between Centre & States / Union Territories; As per said Rules, GSTN shall report (i) cross-utilization and apportionment of integrated tax, (ii) apportionment of integrated tax recovered against demand, compounding amount paid and amount deposited for filing appeal, (iii) apportionment of integrated tax where place of supply cannot be determined o...