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of <h1>Section 53 of Delhi GST Act 2017: Input Tax Credit Transfer Rules for State and Integrated Tax Accounts Explained.</h1> Section 53 of the Delhi Goods and Services Tax Act, 2017, addresses the transfer of input tax credit. It stipulates that 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 credit used. Consequently, the State Government must transfer an equivalent amount from the State tax account to the integrated tax account in a prescribed manner and timeframe.
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