https://www.taxtmi.com/acts?id=21720 When input tax credit availed under the IGST framework is utilised to pay CGST dues, IGST collections will be reduced by that credit and the Central Government shall transfer an equivalent amount from the IGST account to the CGST account in the prescribed manner and time; similarly, utilisation of such credit for SGST dues triggers a reduction of IGST collections and a corresponding transfer from the IGST account to the appropriate State's SGST account as prescribed. en-us Wed, 15 Jun 2016 16:26:45 +0530 Wed, 15 Jun 2016 16:26:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21720 When input tax credit availed under the IGST framework is utilised to pay CGST dues, IGST collections will be reduced by that credit and the Central Government shall transfer an equivalent amount from the IGST account to the CGST account in the prescribed manner and time; similarly, utilisation of such credit for SGST dues triggers a reduction of IGST collections and a corresponding transfer from the IGST account to the appropriate State's SGST account as prescribed. Act-Rules Bills Wed, 15 Jun 2016 16:26:45 +0530 https://www.taxtmi.com/acts?id=21720