Amended and updated notes on section 53A of CGST Act, 2017. Detail discussion on provisions and rules related to transfer of certain amounts.
Chapter X (Sections 49–53A) of the Central Goods and Services Tax Act, 2017 deals with the provisions related to payment of tax. Section 53A of CGST 2017 provides for transfer of certain amounts.
Recently, we have discussed in detail section 53 (Transfer of input tax credit) of CGST Act 2017. Today, we learn the provisions of section 53A of Central GST Act, 2017.
Section 53A of the Central Goods and Services Tax Act, 2017 was inserted by the Finance (No. 2) Act, 2019 w.e.f. 1-Jan-2020 vide 01/2020-Central Tax. This notification was come into force from 1st Jan, 2020 i.e. the commencement date of section 53A is 1-1-2020.
| Name of Act | The Central Goods and Services Tax Act 2017 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Central Board of Indirect Taxes & Customs |
| Governing body | GST Council |
| Number of Chapters | 21 |
| Number of Sections | 174 |
| You are reading: | |
| Chapter No. | X |
| Chapter Name | Payment of Tax |
| Section No. | 53A |
| Section Name | Transfer of certain amounts |
| Updated 2024 Edition | GST Law Book PDF |
Section 53A of Central GST – Transfer of certain amounts1
Section 53A was inserted by the Finance (No. 2) Act, 2019 w.e.f. 1-Jan-2020 vide 01/2020-Central Tax.
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.
- Section 53A was inserted by the Finance (No. 2) Act, 2019 w.e.f. 1-Jan-2020 vide 01/2020-Central Tax. ↩︎