Insertion of new sections 49A and 49B-Utilisation of input tax credit subject to certain conditions-Order of utilisation of input tax credit.

Insertion of new sections 49A and 49B-Utilisation of input tax credit subject to certain conditions-Order of utilisation of input tax credit. https://www.taxtmi.com/acts?id=32580 Sections 49A and 49B require exhaustion of ITC attributable to integrated tax before using central, State or Union territory tax credits for payments, and empower the Government, on Council recommendation and subject to specified limits, to prescribe the order and manner of utilisation of ITC across integrated, central, State and Union territory taxes. en-us Fri, 31 Aug 2018 11:58:00 +0530 Fri, 31 Aug 2018 11:58:00 +0530 TaxTMI RSS Generator Insertion of new sections 49A and 49B-Utilisation of input tax credit subject to certain conditions-Order of utilisation of input tax credit. https://www.taxtmi.com/acts?id=32580 Sections 49A and 49B require exhaustion of ITC attributable to integrated tax before using central, State or Union territory tax credits for payments, and empower the Government, on Council recommendation and subject to specified limits, to prescribe the order and manner of utilisation of ITC across integrated, central, State and Union territory taxes. Act-Rules F. Acts / Amendment Acts Fri, 31 Aug 2018 11:58:00 +0530 https://www.taxtmi.com/acts?id=32580