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

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”, are as under:

Section 49A of CGST Act 2017: Utilisation of input tax credit subject to certain conditions (CHAPTER X – PAYMENT OF TAX)

[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

Amendments History:

$1. Section 49A inserted vide CGST (Amendment) Act, 2018.

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The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. of India on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. Further, CBIC has separately notified the commencement date of provisions of various Sections of the CGST (Amendment) Act 2018 vide Notification No. 2/2019 Central Tax dt. 29 Jan. 2019, except for sections where the date of commencement is different from 1 Feb. 2019 and has specifically been mentioned in the CGST Amendment Act, 2018 itself.

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Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

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