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of <h1>Section 18: Transfer of Input Tax Credit for Integrated, Central, and State Taxes Under GST Act 2017 Explained</h1> Section 18 of the Integrated Goods and Services Tax Act, 2017, outlines the transfer of input tax credit when utilized for payment of various taxes. When integrated tax credit is used to pay central tax, union territory tax, or state tax, the integrated tax amount is reduced accordingly. The Central Government is responsible for transferring the equivalent reduced amount from the integrated tax account to the respective central, union territory, or state tax accounts. The transfer process is conducted as prescribed by law, ensuring proper apportionment to the appropriate state or union territory where the taxable person is registered.
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