Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Transfer of Input Tax Credit under Section 53 of Orissa GST Act: State Tax to Integrated Tax Account Process Explained.</h1> Section 53 of the Orissa 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 the valid return filed, the State tax collected is reduced by the utilized credit amount. The State Government must then transfer an equivalent amount from the State tax account to the integrated tax account in a prescribed manner and timeframe.