On utilisation of input tax credit availed under this Act for payment of tax dues under the
Integrated Goods and Services Tax Act in accordance with the provisions of sub-section
(5) of section 49, as reflected in the valid return furnished under sub-section (1) of section
39, the amount collected as State tax shall stand reduced by an amount equal to such
credit so utilised and the State Government shall transfer an amount equal to the amount
so reduced from the State tax account to the integrated tax account in such manner and
within such time as may be prescribed.
Transfer of
input tax
credit.
Section 53 • THE DELHI GOODS AND SERVICES TAX ACT, 2017
Section 53. Transfer of input tax credit
delhi-goods-and-services-tax-act-2017-sec-53.json
•
Section 53
{
"act_title": "THE DELHI GOODS AND SERVICES TAX ACT, 2017",
"act_slug": "delhi-goods-and-services-tax-act-2017",
"section_label": "Section",
"section": {
"number": "53",
"title": "Section 53. Transfer of input tax credit",
"chapter": null,
"content": "On utilisation of input tax credit availed under this Act for payment of tax dues under the \nIntegrated Goods and Services Tax Act in accordance with the provisions of sub-section \n(5) of section 49, as reflected in the valid return furnished under sub-section (1) of section \n39, the amount collected as State tax shall stand reduced by an amount equal to such \ncredit so utilised and the State Government shall transfer an amount equal to the amount \nso reduced from the State tax account to the integrated tax account in such manner and \nwithin such time as may be prescribed. \n \n Transfer of \ninput tax \ncredit.",
"footnote": "",
"is_definition": false,
"sort_order": 630
},
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"next_section": "65"
}