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