Section 49A of CGST Act 2017: Utilisation of input tax credit subject to certain conditions

Provisions under Section 49A of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Utilisation of input tax credit subject to certain conditions”:

Section 49A of CGST Act 2017: Utilisation of input tax credit subject to certain conditions (CHAPTER X PAYMENT OF TAX) [section 49A inserted from 01/02/2019: refer Note 1]

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.

Amendments History:

1. Section 49A inserted vide section 21 of the CGST (Amendment) Act, 2018, followed with Notification 2/2019 on commencement date of 01/02/2019.

—-