Transfer of input tax credit
Section 37A
Bill
TRANSFER OF INPUT TAX CREDIT
MODEL GST LAW – GOODS AND SERVICES TAX ACT, 2016 – Draft June 2016
CHAPTER-IXA
TRANSFER OF INPUT TAX CREDIT
37A. Transfer of input tax credit
On utilization of input tax credit availed under the CGST Act for payment of tax dues under the IGST Act as per sub-section (5) of section 35, the amount collected as CGST shall stand reduced by an amount equal to the credit so utilized and the Central Government
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