Subsequently, with the approval of the GST Implementation Committee, the Goods and Services Tax Settlement of Fund Rules, 2026 were notified and published in the Gazette on 30.03.2026, incorporating the Committee’s recommendations, and the recommended SOP was also implemented. ANSWERTHE MINISTER OF STATE IN MINISTRY OF FINANCE(SHRI PANKAJ CHAUDHARY)(a) to (g): Goods and Services Tax Council in its 54th meeting held on 9th September, 2024 in New Delhi, approved the constitution of a Committee of Officers on IGST Settlement. A Standard Operating Procedure (SOP) for addressing abnormal reversals of Input Tax Credit (ITC), which have been contributing to irregularities in the settlement process. The report of findings of the Committee of Officers was presented before the GST Council in its 55th meeting. Subsequently, with the approval of GST Implementation Committee, Goods and Services Tax Settlement of Fund Rules, 2026 were notified and published in the Gazette on 30th March, 2026 incorporating the recommendation of the Committee of Officers.