Amended and updated notes on section 49A of CGST Act, 2017. Detail discussion on provisions and rules related to utilisation of input tax credit subject to certain conditions.
Chapter X (Sections 49–53A) of the Central Goods and Services Tax Act, 2017 deals with the provisions related to payment of tax. Section 49A of CGST 2017 provides for utilisation of input tax credit subject to certain conditions.
Recently, we have discussed in detail section 49 (Payment of tax, interest, penalty and other amounts) of CGST Act 2017. Today, we learn the provisions of section 49A of Central GST Act 2017 as inserted w.e.f. 01st February, 2019 by section 21 of the Central Goods and Services Tax (Amendment) Act, 2018 (No. 31 of 2018).
| Name of Act | The Central Goods and Services Tax Act 2017 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Central Board of Indirect Taxes & Customs |
| Governing body | GST Council |
| Number of Chapters | 21 |
| Number of Sections | 174 |
| You are reading: | |
| Chapter No. | X |
| Chapter Name | Payment of Tax |
| Section No. | 49A |
| Section Name | Utilisation of input tax credit subject to certain conditions |
| Updated 2024 Edition | GST Law Book PDF |
Section 49A of Central GST – Utilisation of input tax credit subject to certain conditions1
Section 49A of CGST Act 2017 shall come into force on 01.02.2019 vide section 21 of the Central Goods and Services Tax (Amendment) Act, 2018 (No. 31 of 2018).
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.
- Section 49A of CGST Act 2017 shall come into force on 01.02.2019 vide section 21 of the Central Goods and Services Tax (Amendment) Act, 2018 (No. 31 of 2018). ↩︎