FINANCE (NO. 2) ACT, 2019
Integrated Goods and Services Tax
Section 114 - Insertion of new section 17A
Insertion of new section 17A.
114. After section 17 of the Integrated Goods and Services Tax Act, 2017, the following section shall be inserted, namely:––
Transfer of certain amounts.
“17A. 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.”.
Notes:
1.To come into force w.e.f. 01-01-2020 vide Notification No. 01/2020- Integrated Tax dated 01-01-2020
