THE CENTRAL GOODS AND SERVICES TAX ACT, 2018

PAYMENT OF TAX

¹[Section 49A: Utilisation of input tax credit subject to certain conditions  (Relevant Rules 88A)

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. Inserted Vide: Section 21 of CGST Amendment Act 2018 vide Notification No. 02/2019 - Central Tax (w.e.f. 01.02.2019)