Transfer of input tax credit reduces CGST or SGST balances and mandates transfer of equivalent amounts to the IGST account. The provision requires that when input tax credit from CGST or SGST is used to pay IGST liabilities, the respective GST account (CGST or SGST) shall be reduced by the amount of credit utilized and the Central or State Government shall transfer an equivalent amount from that account to the IGST account in the manner and time prescribed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of input tax credit reduces CGST or SGST balances and mandates transfer of equivalent amounts to the IGST account.
The provision requires that when input tax credit from CGST or SGST is used to pay IGST liabilities, the respective GST account (CGST or SGST) shall be reduced by the amount of credit utilized and the Central or State Government shall transfer an equivalent amount from that account to the IGST account in the manner and time prescribed.
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