Competition schedule
First elimination round
All games of the round took place on 21 September 1947, and replay next day on 22 September 1947.
| Traktor KhTZ Kharkiv | 10:1 | Dynamo Sumy | |
| Stal Dniprodzerzhynsk | 4:1 | Spartak Kryvyi Rih | |
| Spartak Drohobych | 1:4 | Dynamo Uzhhorod | |
| Avanhard Kherson | 1:2 | Sudnobudivnyk Mykolaiv | |
| Traktor Dnipropetrovsk | 3:1 | Traktor Osypenko | |
| Shakhtar Kadiivka | 3:1 | Shakhtar Makiivka [Chervonohvardiyskyi Raion] | |
| Stal Voroshylovsk | 5:0 | Stal Kostiantynivka | |
| Stal Mariupol | 4:0 | Dzerzhynets Voroshylovhrad | |
| Zhytomyr team | 4:0 | Dynamo Proskuriv | |
| DO Cherkassy | 1:2 | Molniya Kyiv | |
| Dynamo Chernihiv | 1:5 | Dynamo Poltava | 2:2 (replay) |
| Burevisnyk Lviv | 0:1 | Lokomotyv Rivne | 1:1 (replay) |
Second elimination round
All games of the round took place on 28 September 1947.
| Dynamo Poltava | 4:3 | Traktor Dnipropetrovsk | |
| Dynamo Stanislav | 5:1 | Lokomotyv Rivne | |
| Stal Dniprodzerzhynsk | 3:2 | Stal Mariupol | |
| Dynamo Kirovohrad | 4:0 | Zhytomyr team | |
| Odesa team | ?:? | Sudnobudivnyk Mykolaiv | |
| Stal Voroshylovsk | -/+ | Shakhtar Kadiivka | (no show or forfeit) |
| Traktor KhTZ Kharkiv | 4:1 | Molniya Kyiv |
Third elimination round
All games of the round took place on 5 October 1947.
| Sudnobudivnyk Mykolaiv | +/- | Dynamo Kherson | (1:1 after the first half) |
| Dynamo Uzhhorod | 5:1 | Dynamo Lutsk | (played in Lviv) |
| Bilshovyk Mukachevo | 7:0 | Dynamo Stanislav | |
| Bilshovyk Zaporizhia | 3:1 | Stal Dniprodzerzhynsk | |
| Lokomotyv Yasynuvata | 8:1 | Dynamo Poltava |
Fourth elimination round
All games of the round took place on 12 October 1947.
| Spartak Kherson | 4:2 | Bilshovyk Zaporizhia | |
| Avanhard Kramatorsk | 3:2 | Shakhtar Stalino | |
| Lokomotyv Yasynuvata | 4:1 | Stal Dnipropetrovsk | |
| Dynamo Uzhhorod | 1:2 | Spartak Lviv | |
| Bilshovyk Mukachevo | 2:5 | Spartak Uzhhorod | |
| Sudnobudivnyk Mykolaiv | 5:0 | Sudnobudivnyk Mykolaiv | |
| Dynamo Kyiv | 2:1 | Dzerzhynets Kharkiv |
Fifth elimination round
All games of the round took place on 19 October 1947.
| Spartak Kherson | 3:0 | Sudnobudivnyk Mykolaiv | |
| Dynamo Kirovohrad | 0:5 | Avanhard Kramatorsk | |
| Spartak Lviv | 1:2 | Spartak Uzhhorod | |
| Lokomotyv Yasynuvata | ?:? | Dynamo Kyiv |
Quarterfinals
Games between Dynamos and in Kherson were played on 26 October 1947, other on 1 November 1947.
| Spartak Kherson | 1:2 | Lokomotyv Kharkiv | |
| Dynamo Kyiv | 6:0 | Dynamo Kyiv | |
| Kharchovyk Odesa | 1:0 | Spartak Uzhhorod | |
| ODO Kiev | -/+ | Avanhard Kramatorsk | (no show or forfeit) |
Semifinals
All games of the round took place on 2 November 1947.
| Dynamo Kyiv | 4:1 | Lokomotyv Kharkiv | |
| Kharchovyk Odesa | 2:0 | Avanhard Kramatorsk |
Final
| Dynamo Kyiv | 5–1 | Kharchovyk Odesa |
|---|---|---|
Chaplyhin  7', 10'Dashkov 20'Vinkovatov 47'Dementyev 49' | Potapov 34' |
