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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 49B - Order of utilisation of input tax credit
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49B. Order of utilisation of input tax credit.[1]
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Notwithstanding anything contained in this Chapter and subject to the provisions of clause (e) and clause (f) of sub-section (5) of section 49, the Government may, on the recommendations of the Council, prescribe[R-88A] the order and manner of utilisation of the input tax credit on account of integrated tax, central tax, State tax or Union territory tax, as the case may be, towards payment of any such tax. |
[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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