Provisions under Section 17A of the IGST Act, 2017 relating to “Transfer of Certain Amounts”:
Section 17A: Transfer of Certain Amount (CHAPTER VIII: APPORTIONMENT OF TAX AND SETTLEMENT OF FUNDS) [*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.
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Notes (History of Amendments in Bare Text):
1. IGST Act 2017 notified vide GOI Notification dated 12/04/2017. Section 17A inserted vide Section 114 of the Finance Act, 2019, followed with Notification 1/2020 on commencement date of 01/01/2020.