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<h1>Input tax credit transfer: IGST reduced when credits fund Central or State tax and equivalent amounts transferred accordingly.</h1> When input tax credit availed under the IGST framework is utilised to pay CGST dues, IGST collections will be reduced by that credit and the Central Government shall transfer an equivalent amount from the IGST account to the CGST account in the prescribed manner and time; similarly, utilisation of such credit for SGST dues triggers a reduction of IGST collections and a corresponding transfer from the IGST account to the appropriate State's SGST account as prescribed.
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