Rule 5 of the GST Settlement of Funds Rules, 2017

Rule 5

Rule 5. Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (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 month shall be transmitted by the common portal to the Authorities in FORMS GST STL - 2.01 to GST STL – 2.02, as follows, namely:—

(a) a monthly consolidated statement containing State-wise details in FORM GST STL – 2.01 containing details relating to the total amount to be transferred,-

(i) from the Centre (Integrated Tax) to the Centre (Central Tax), or from the Centre (Central Tax) to the Centre (Integrated Tax), as the case may be, on account of cross-utilisation of credit as provided for in section 53 of the Central Goods and Services Tax Act, 2017 and section 18 of the Integrated Goods and Services Tax Act, 2017; and

(ii) 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, 2017;

(b) monthly reports containing State-wise details containing list of registered persons who have discharged liability of Central Tax by utilising the input tax credit of Integrated Tax, in accordance with the provisions of section 18 of the Integrated Goods and Services Tax Act, 2017 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.