Advance_Ruling
Section 113 : Definitions – Advance Ruling
June 10, 2017
Advance_Ruling
Section 114 : Authority for Advance Ruling – Advance Ruling
June 10, 2017

Section 47 : Transfer of input tax credit – Transfer Of Input Tax Credit

Transfer_Of_Input_Tax_Credit

Transfer of input tax credit – Transfer Of Input Tax Credit

On utilization of input tax credit availed under the CGST Act for payment of tax dues under the IGST Act as per sub-section Error! Reference source not found. of section 44, the amount collected as CGST shall stand reduced by an amount equal to the credit so utilized and the Central Government shall transfer an amount equal to the amount so reduced from the CGST account to the IGST account in the manner and time as may be prescribed.
[CGST Act]
On utilization of input tax credit availed under the SGST Act for payment of tax dues under the IGST Act as per sub-section Error! Reference source not found. of section 44, the amount collected as SGST shall stand reduced by an amount equal to the credit so utilized and shall be apportioned to the Central Government and the State Government shall transfer an amount equal to the amount so apportioned to the IGST account in the manner and time as may be prescribed.
[SGST Act]

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