Section 49A of CSGT Act: Utilisation of input tax credit subject to certain conditions (Updated till on July 2024)
Section 49A of CSGT Act: Utilisation of input tax credit subject to certain conditions
Chart of the Section 49A :
TEXT on the Section 49A of CGST Act :
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.
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