Transfer of input tax credit: State tax is reduced and equivalent amount transferred to the integrated tax account when utilised for IGST. When input tax credit availed under this Act is utilised for payment of tax dues under the Integrated Goods and Services Tax Act and reflected in a valid return, the State tax account is reduced by an amount equal to such credit and the State Government shall transfer an amount equal to that reduction from the State tax account to the integrated tax account in such manner and within such time as may be prescribed.