Transfer of input tax credit: originating GST accounts are reduced and equivalent amounts moved to the IGST account as prescribed. When input tax credit from the Central or State GST component is utilised to pay IGST liabilities, the originating component's account is reduced by the credit used and an equivalent amount is transferred to the IGST account; State-origin credits are apportioned between Central and State shares with the apportioned Central amount transferred to the IGST account in the prescribed manner and time.
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: originating GST accounts are reduced and equivalent amounts moved to the IGST account as prescribed.
When input tax credit from the Central or State GST component is utilised to pay IGST liabilities, the originating component's account is reduced by the credit used and an equivalent amount is transferred to the IGST account; State-origin credits are apportioned between Central and State shares with the apportioned Central amount transferred to the IGST account in the prescribed manner and time.
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