Section 53
Transfer of input tax credit
In force
Section 53. Transfer of input tax credit.
On the recommendations of the Council, the Government may, by notification, subject to such conditions and restrictions, specify the persons who may be allowed to transfer the credit of tax paid on inputs held in stock, inputs contained in semi-finished or finished goods held in stock, or on capital goods or plant and machinery.
Sources & verification
- • Statutory text: View source
- • CBIC reference: cbic-gst.gov.in/sec-53.html
- Source confidence: Pending verification
Quick facts
- Section
- 53
- Chapter
- X
- Amendments
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- Notifications
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- Circulars
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