Section-47. Transfer of input tax credit

                     Section-47.                                       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 (...). of section

44, the amount collected as CGST shall stand reduced by an amount equal to the credit

so utilized and the Central Government shall transfer an amount equal to the amount so

reduced from the CGST account to the IGST account in the manner and time as may be

prescribed.

                                                                                                          CGST Act

On utilization of input tax credit availed under the SGST Act for payment of tax dues

under the IGST Act as per sub-section (...) of section

44, the amount collected as SGST shall stand reduced by an amount equal to the credit

so utilized and shall be apportioned to the Central Government and the State

Government shall transfer an amount equal to the amount so apportioned to the IGST

account in the manner and time as may be prescribed.

                                                                                                          SGST Act

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