Section 18 - Transfer of input tax credit of IGST ACT, 2017

               18. On utilisation of credit of integrated tax availed under this Act for payment of,––
                   (a) 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;
                   (b) 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;
                  (c) 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