Section 10 UTGST Act 2017 – Transfer of input tax credit

By | April 23, 2017
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(Last Updated On: June 29, 2017)

Section 10 UTGST Act 2017

[ Section 10 UTGST Act 2017 Notified w.e.f 01.07.2017 vide  Notification No. 3/2017 – Union Territory Tax Dated 28th June, 2017 ]

Section 10 UTGST Act 2017 deals with Transfer of input tax credit and is covered in CHAPTER IV PAYMENT OF TAX

(Note UTGST Act 2017 also known as THE UNION TERRITORY GOODS AND SERVICES TAX ACT 2017 received the assent of the President of India on the 12th April 2017 . UTGST Act 2017 is an act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Union territories and for matters connected therewith or incidental thereto.)

Transfer of input tax credit.

10. On utilisation of input tax credit of Union territory tax 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 of the Central Goods and Services Tax Act, as reflected in the valid return furnished under sub-section (1) of section 39 of the Central Goods and Services Tax Act, the amount collected as Union territory tax shall stand reduced by an amount equal to such credit so utilised and the Central Government shall transfer an amount equal to the amount so reduced from the Union territory tax account to the integrated tax account in such manner and within such time as may be prescribed.


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  1. Pingback: UTGST ACT 2017 of India - Chapter Wise - Section Wise - Tax Heal

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