Section 53 Jharkhand GST Act 2017 : Transfer of input tax credit.

By | September 8, 2017
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(Last Updated On: September 8, 2017)

Section 53 Jharkhand GST Act 2017

Enforced with effect from 1-7-2017.

( Section 53 Jharkhand GST Act 2017 explains  Transfer of input tax credit  and is covered in CHAPTER X PAYMENT OF TAX )

  Transfer of input tax credit.
53. 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 Statetax 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.

 Jharkhand GST Act 2017

Jharkhand GST Rules 2017

Jharkhand GST Notifications

Jharkhand GST Rates Notification

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