Section 49B of CGST Act

Order of Utilisation of Input Tax Credit

Section 49B (1)

Notwithstanding anything contained in this Chapter and subject to the provisions of clause (e) and clause (f) of sub-section (5) of section 49, the Government may, on the recommendations of the Council, prescribe the order and manner of utilisation of the input tax credit on account of integrated tax, central tax, State tax or Union territory tax, as the case may be, towards payment of any such tax.

[See rule 88A of the CGST Rules, 2017.]