https://www.taxtmi.com/article/detailed?id=8370 Sections 49A and 49B, effective 1 February 2019, require IGST input tax credit to be fully utilised first before using central, State or Union territory tax credits; section 49B permits the Government to prescribe or change the order and manner of ITC utilisation. The amendment changes the previous set off sequence, can force earlier cash payments, shift balances between CGST and SGST, and, combined with portal constraints on inter state adjustments, may cause working capital blockage for some taxpayers. en-us Fri, 08 Feb 2019 06:22:41 +0530 Fri, 08 Feb 2019 06:22:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8370 Sections 49A and 49B, effective 1 February 2019, require IGST input tax credit to be fully utilised first before using central, State or Union territory tax credits; section 49B permits the Government to prescribe or change the order and manner of ITC utilisation. The amendment changes the previous set off sequence, can force earlier cash payments, shift balances between CGST and SGST, and, combined with portal constraints on inter state adjustments, may cause working capital blockage for some taxpayers. Articles Goods and Services Tax - GST Fri, 08 Feb 2019 06:22:41 +0530 https://www.taxtmi.com/article/detailed?id=8370