Section 53 of CGST Act 2017: Transfer of Input Tax Credit (ITC)

Provisions under Section 53 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Transfer of Input Tax Credit (ITC)”, are as under:

Section 53 of CGST Act 2017: Transfer of Input Tax Credit (CHAPTER X – PAYMENT OF TAX)

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 central 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 central tax account to the integrated tax account in such manner and within such time as may be prescribed.

Amendments History:

1. CBEC notifies 1st July 2017 as the Commencement date for Section 53 of the CGST Act 2017, vide Notification 9/2017 Central Tax.


Govt. has notified the CGST Act, 2017 on 12th April, 2017, followed with Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. CBEC/ CBIC has subsequently issued various Notifications on commencement date of various Sections/ Provisions of the CGST/ Amendment Acts from time to time, except where specifically mentioned in the respective CGST/ Amendment Acts.

Section-wise/ Rule-wise Text of GST Acts/ Rules
CGST Act/ DefinitionsCGST Rules
IGST Act/ DefinitionsIGST Rules
UTGST Act/ DefinitionsUTGST Rules

Leave a Reply