Transfer of input tax credit reduces State tax and mandates transfer to the integrated tax account under prescribed procedure. When input tax credit under the Act is utilised to pay Integrated GST and that utilisation is shown in a valid return, the State tax collected is reduced by an amount equal to the credit utilised and the State Government must transfer an equal amount from the State tax account to the integrated tax 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 reduces State tax and mandates transfer to the integrated tax account under prescribed procedure.
When input tax credit under the Act is utilised to pay Integrated GST and that utilisation is shown in a valid return, the State tax collected is reduced by an amount equal to the credit utilised and the State Government must transfer an equal amount from the State tax account to the integrated tax account in the prescribed manner and time.
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