Essential requirements for IGST Transfer and apportioning of residual IGST/IGST paid on B2C supplies :

Taxpayer is required to file a Valid return filed within prescribed date containing the following information:

• Final supply and purchase statements; and
• ITC utilised (which will be as per the hierarchy as mentioned above for utilising the ITC for payment of IGST and as the case may be for payment of SGST) and additional tax liability arising from the settlement of the returns of the previous tax period.
• Short filing of the return i.e. filing of return without payment or less payment of the tax liability accepted therein will be allowed but the same will considered as invalid return for the purpose of matching of ITC and IGST fund settlement.
• Return information validation such as ITC information, i.e., ITC taken, utilisation, rate of tax etc would be done by the system.
• Settlement amount between the centre (GOI) and states would be computed by the settlement agency using the above information in the manner as ma be prescribed.