Transfer of input tax credit
Section 14
Bill
INPUT TAX CREDIT
MODEL IGST LAW – Draft The Integrated Goods and Services Tax Act, 2016 – [November 2016]
14. Transfer of input tax credit
(1) On utilization of input tax credit availed under this Act for payment of tax dues under the CGST Act as per sub-section (5) of section 11, the amount collected as IGST shall stand reduced by an amount equal to the credit so utilized and the Central Government shall transfer an amount equal
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