Section 49A
Utilisation of input tax credit subject to certain conditions.
The Central Goods and Services Tax Act, 2017
About this Act
An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Central Government and for matters connected therewith or incidental thereto.
1[49A. Utilisation of input tax credit subject to certain conditions.-- 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.]
Notes
1. Ins. by s. 21, Act 31 of 2018, (w.e.f. 1-2-2019).