Provisions under Section 17A of the Integrated Goods and Services Tax (IGST) Act, 2017 relating to “Transfer of Certain Amounts”, are as under:
Section 17A of IGST Act 2017: Transfer of Certain Amount (CHAPTER VIII APPORTIONMENT OF TAX AND SETTLEMENT OF FUNDS) [section 17A inserted from 01/01/2020: refer Note 1]
Where any amount has been transferred from the electronic cash ledger under this Act to the electronic cash ledger under the State Goods and Services Tax Act or the Union Territory Goods and Services Tax Act, the Government shall transfer to the State tax account or the Union territory tax account, an amount equal to the amount transferred from the electronic cash ledger, in such manner and within such time, as may be prescribed.
Amendment History:
1. Section 17A inserted vide Section 114 of the Finance Act, 2019, followed with Notification 1/2020 on commencement date of 01/01/2020.
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| IGST Act 2017: Last updated 30/11/2023 |
| The IGST Act 2017 has been notified vide GOI Notification dated 12/04/2017, which has subsequently been amended through IGST Extension to J&K Act 2017, IGST (Amendment) Act 2018. Finance Act 2019, Finance Act 2020, Finance Act 2021, Finance Act, 2022 and Finance Act, 2023, IGST (Amendment) Act, 2023 including various Notifications/ Orders issued by the Govt./ CBIC from time to time, relating to the commencement dates of various Sections/ Provisions in the respective IGST/ Amendment Acts, wherever required. Information on this page is a Section-wise compilation of the Amendments in the IGST Act, 2017 made through various Notifications issued by the CBIC from time to time (upto 30th November, 2023), with best possible efforts for accuracy. In any case, E&OE. For official/ updated information, please visit CBIC website. |
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