Section 53 Rajashtan GST Act 2017 – Transfer of input tax credit

By | May 10, 2017
(Last Updated On: May 10, 2017)

Section 53 Rajashtan GST Act 2017

Section 53 Rajashtan GST Act 2017 explains Transfer of input tax credit and is covered in Chapter 

 X Payment Of  Tax

( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Rajasthan and the matters connected therewith or incidental thereto. )

53. Transfer of input tax credit.-

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.


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Section 53 Rajashtan GST Act 2017

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