https://www.taxtmi.com/acts?id=32588 Input tax credit utilisation under the GST law is regulated by a provision empowering the Government, on the recommendations of the Council, to prescribe the order and manner in which credit of integrated tax, central tax, State tax and Union territory tax is to be applied towards payment of those taxes. The rule operates notwithstanding the general provisions of the Chapter and remains subject to the specified restrictions in section 49(5)(e) and 49(5)(f), thereby governing the sequence of credit adjustment for tax payment. en-us Fri, 31 Aug 2018 16:17:12 +0530 Thu, 25 Jun 2026 17:53:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32588 Input tax credit utilisation under the GST law is regulated by a provision empowering the Government, on the recommendations of the Council, to prescribe the order and manner in which credit of integrated tax, central tax, State tax and Union territory tax is to be applied towards payment of those taxes. The rule operates notwithstanding the general provisions of the Chapter and remains subject to the specified restrictions in section 49(5)(e) and 49(5)(f), thereby governing the sequence of credit adjustment for tax payment. Act-Rules GST Fri, 31 Aug 2018 16:17:12 +0530 https://www.taxtmi.com/acts?id=32588