Section-49A. Utilisation of input tax credit subject to certain conditions.—

[49A. Utilisation of input tax credit subject to certain conditions.—

(1) 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

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