https://www.taxtmi.com/acts?id=24103 Transfer of input tax credit arises when Union territory tax credit is utilised for payment of tax dues under the Integrated Goods and Services Tax Act in accordance with section 49(5) of the Central Goods and Services Tax Act and a valid return under section 39(1). The Union territory tax amount is reduced by the credit so used, and the Central Government transfers an equivalent amount from the Union territory tax account to the integrated tax account within the prescribed manner and time. en-us Mon, 27 Mar 2017 18:00:51 +0530 Wed, 24 Jun 2026 13:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24103 Transfer of input tax credit arises when Union territory tax credit is utilised for payment of tax dues under the Integrated Goods and Services Tax Act in accordance with section 49(5) of the Central Goods and Services Tax Act and a valid return under section 39(1). The Union territory tax amount is reduced by the credit so used, and the Central Government transfers an equivalent amount from the Union territory tax account to the integrated tax account within the prescribed manner and time. Act-Rules GST Mon, 27 Mar 2017 18:00:51 +0530 https://www.taxtmi.com/acts?id=24103