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

Provisions under Section 49A of the CGST Act 2017 relating to “Utilisation of input tax credit subject to certain conditions”:

Section 49A: Utilisation of input tax credit subject to certain conditions (CHAPTER X: PAYMENT OF TAX) [*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.

Notes (History of Amendments in Bare Text):

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