The Ministry of Finance has notified the Goods and Services Tax Settlement of Funds Rules, 2026, replacing the earlier 2017 rules to streamline the settlement of GST funds between the Centre and States. The rules establish a comprehensive framework for electronic transmission of reports, cross-utilisation of input tax credit, and apportionment of Integrated GST (IGST). The rules prescribe detailed reporting formats (GST STL series) for tracking tax utilisation, refunds, recoveries, and fund transfers, ensuring transparency and accuracy in settlement.