Section 53A. Transfer of certain amounts.-

Important Keyword: Section 53A.

GST Section 53A. Transfer of certain amounts.-

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.]

1. Inserted by s. 102 of The Finance (No. 2) Act, 2019 (No. 23 of 2019) – Brought into force w.e.f. 01st January, 2020 vide Notification No. 1/2020-C.T., dated 1-1-2020).

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Download Pdf: https://taxinformation.cbic.gov.in/