Paying Tax

Transfer of input tax credit

Section 53, CGST Act

Chapter 10 Text as on 2026-09-05 Source CBIC

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Section 53 provides for the transfer of amounts between the central and integrated tax accounts when ITC is cross-utilised, settling funds between the Centre and States.

What this means in practice

The parts that actually decide cases — the things a practitioner checks first.

1

A settlement provision between the Centre and the States; it creates no obligation on a taxpayer.

How this provision is built

The skeleton, clause by clause — useful when a notice cites a specific sub-clause.

(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 ta…

The exact words of the law

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Reproduced from the CBIC text. We explain it above — but you should always be able to read it yourself.

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* Section 53. Transfer of input tax credit.- 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.

High Court cases on this section

Judgments in our index that cite this provision. Being listed does not make a case good law — it may have been appealed or distinguished since. Read it before relying on it.

What changed, and when

The amendment trail, newest first — because the version that applies to your case depends on the period.

2017-07-01 · Commenced

Provision as originally enacted in the CGST Act, 2017 (Act 12 of 2017) and brought into force w.e.f. 01-07-2017.

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Where this comes from

Text reproduced from the Central Board of Indirect Taxes and Customs, as available on 2026-09-05. The explanation and practice notes above are GSTZone’s own, written for this hub. If you spot anything out of date, tell us and we’ll fix it — this hub is checked daily against CBIC.

transfer of itc fundssection 53fund settlement gst

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