The State Government of Rajasthan has issued a circular for the correct submission of the returns under the Goods and Services Tax (GST) regime. The Section 53 of CGST Act/RGST Act and Section 17, 18 of the JOST Act read with the Goods and Services Tax Settlement of Funds Rules, 20 I 7 provides for the manner of cross utilization of IG ST or may be of SGST and apportionment of JOST between Centre, States and within State for the purpose of settlement or transfer of funds from the Centre to State or vice versa.
Source Taxscan
