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of <h1>Transfer of Input Tax Credit Under Section 53: State to Integrated Tax Account as per GST Act 2017</h1> Section 53 of the West Bengal Goods and Services Tax Act, 2017, addresses the transfer of input tax credit. When input tax credit is used to pay tax dues under the Integrated Goods and Services Tax Act, as per section 49(5) and reflected in a valid return under section 39(1), the State tax amount is reduced by the utilized credit. The State Government must then transfer an equivalent amount from the State tax account to the integrated tax account as prescribed by law.
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