Indian Polity · Polity
Under the GST (Compensation to States) Act, 2017, any unutilized money remaining in the GST Compensation Fund at the end of the five-year transition period is to be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Shared equally (50:50) between the Centre and the States, with the States' share distributed based on the Finance Commission formula✓
- 2Fully retained by the Central Government in the Consolidated Fund of India
- 3Apportioned among States strictly on the basis of their respective SGST collections in the final transition year
- 4Distributed among States as per the general devolution formula prescribed by the Finance Commission
Correct answer
Shared equally (50:50) between the Centre and the States, with the States' share distributed based on the Finance Commission formula
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