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CHAPTER X - PAYMENT OF TAX
Section 49 - Payment of tax, inter...
Section 49A - Utilisation of input...
Section 49B - Order of utilisation... Section 50 - Interest on delayed p... Section 51 - Tax deduction at sour... Section 52 - Collection of tax at ... Section 53 - Transfer of input tax... Section 53A - Transfer of certain ...Section 49A - Utilisation of input tax credit subject to certain conditions
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49A. Utilisation of input tax credit subject to certain conditions.[1]
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Notwithstanding anything contained in section 49, the input tax credit on account of central tax, State tax or Union territory tax shall be utilised towards payment of integrated tax, central tax, State tax or Union territory tax, as the case may be, only after the input tax credit available on account of integrated tax has first been utilised fully towards such payment. |
[1] Section inserted by Section 21 of The CGST(A) Act, 2018 dt. 29-08-2018 and made effective from 01-02-2019 by Notification No. 02/2019-Central Tax dt. 29-01-2019.
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