Section 53 – Transfer of input tax credit of CGST ACT, 2017<\/p>\n
53. On utilisation of input tax credit availed under this Act for payment of tax dues
\nunder the Integrated Goods and Services Tax Act in accordance with the provisions of
\nsub-section (5) of section 49, as reflected in the valid return furnished under sub-section (1)
\nof section 39, the amount collected as central tax shall stand reduced by an amount equal to
\nsuch credit so utilised and the Central Government shall transfer an amount equal to the
\namount so reduced from the central tax account to the integrated tax account in such manner
\nand within such time as may be prescribed.<\/p>\n","protected":false},"excerpt":{"rendered":"
Section 53 – Transfer of input tax credit of CGST ACT, 2017 53. On utilisation of input tax credit availed under this Act for payment of tax dues under the Integrated Goods and Services Tax Act in accordance with the provisions of sub-section (5) of section 49, as reflected in the valid return furnished under … Continue reading “Section 53 – Transfer of input tax credit of CGST ACT, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/232"}],"collection":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=232"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/232\/revisions"}],"predecessor-version":[{"id":233,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/232\/revisions\/233"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}