Provisions under Section 9B of the UTGST Act 2017 relating to “Order of utilisation of input tax credit (ITC)”:
Section 9B: Order of utilisation of input tax credit (CHAPTER IV: PAYMENT OF TAX) [*2]
Notwithstanding anything contained in this Chapter and subject to the provisions of clause (c) of section 9, the Government may, on the recommendations of the Council, prescribe the order and manner of utilisation of the input tax credit on account of integrated tax, Central tax, State tax or Union territory tax, as the case may be, towards payment of any such tax.
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Notes (History of Amendments in Bare Text):
1. UTGST Act 2017 notified vide GOI Notification dated 12/04/2017.
2. Section 9B inserted vide the UTGST (Amendment) Act, 2018, followed with Notification 1/2019 on commencement date of 01/02/2019.