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CHAPTER X - PAYMENT OF TAX
Section 49 of CGST Act - Payment o...
Section 49A of CGST Act - Utilisat...
Section 49B of CGST Act - Order of... Section 50 of CGST Act - Interest ... Section 51 of CGST Act - Tax deduc... Section 52 of CGST Act - Collectio... Section 53 of CGST Act - Transfer ... Section 53A of CGST Act - Transfer...Section 49A of CGST Act - 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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