On utilisation of credit of integrated tax availed under this Act for
payment of,-
central tax in accordance with the provisions of sub-section (5) of section
49 of the Central Goods and Services Tax Act, the amount collected as
integrated tax shall stand reduced by an amount equal to the credit so
utilised and the Central Government shall transfer an amount equal to the
amount so reduced from the integrated tax account to the central tax account
in such manner and within such time as may be prescribed;
Union territory tax in accordance with the provisions of section 9 of the
Union Territory Goods and Services Tax Act, the amount collected as
integrated tax shall stand reduced by an amount equal to the credit so
utilised and the Central Government shall transfer an amount equal to the
amount so reduced from the integrated tax account to the Union territory tax
account in such manner and within such time as may be prescribed;
State tax in accordance with the provisions of the respective State Goods
and Services Tax Act, the amount collected as integrated tax shall stand
reduced by an amount equal to the credit so utilised and shall be
apportioned to the appropriate State Government and the Central Government
shall transfer the amount so apportioned to the account of the appropriate
State Government in such manner and within such time as may be prescribed.
Explanation.- For the purposes of this Chapter, "appropriate State" in
relation to a taxable person, means the State or Union territory where he is
registered or is liable to be registered under the provisions of the Central
Goods and Services Tax Act.
Chapter I Preliminary
Section 1 : Short Title, Extent and Commencement
Chapter II Administration
Section 3 : Appointment of Officers
Chapter III Levy and Collection of Tax
Section 5 : Levy and collection of tax
Section 6 : Powers to grant exemption from tax
Chapter IV Determination of nature of supply
Section 8 : Intra state supply
Section 9 : Supplies in Territorial Waters
Chapter V Place of supply of goods or services or both
Section 11 : Place of supply of goods imported into, or exported from India
Section 12 : Place of supply of services where location of supplier and recipient is in India
Chapter VI Refund of integrated tax paid on supply of goods to tourist leaving India
Section 15 : Refund of integrated tax paid on supply of goods to tourist leaving India
Chapter VII Zero Rated Supply
Section 16 : Zero Rated Supply
Chapter VIII Apportionment of tax and settlement of funds
Section 17 : Apportionment of tax and settlement of funds
Section 18 : Transfer of input tax credit
Section 19 : Tax wrongfully collected and paid to Central Government or State Government
Chapter IX Miscellaneous
Section 20 : Application of provisions of Central Goods and Services Tax Act
Section 21 : Import of services made on or after the appointed day
Section 22 : Power to make rules
Section 23 : Power to make regulations
Section 24 : Laying of rules regulations and notifications
Section 25 : Removal Difficulties
3%, 5%, 18% GST items 26.7.2018
18% GST notification 10.11.2017
0%, 5%, 12% reduced on 10.11.17
IGST Rates reduced on 10.11.2017
3% & 0.25% GST Goods (Original)
18% GST Materials (Original List)
Compensation Cess Rates (Original)