GST Payment Rules Changed from 1.2.2019 जीएसटी भुगतान नियम बदल गए

GST Payment Rules Changes from 01.02.2019

Section 49 of CGST Act 2017 : Payment of tax, interest, penalty and other amounts.  Amended by CGST Amendment Act 2018 w.e.f 01.02.2019 ,  in order to provide that the credit of State tax or Union territory tax can be utilised for payment of integrated tax only when the balance of the input tax credit on account of central tax is not available for payment of integrated tax.

Section 49A : Utilisation of input tax credit subject to certain conditions Newly inserted by CGST Amendment Act 2018 w.e.f 01.02.2019  This Section seeks to specify that a taxpayer would be able to utilise the input tax credit on account of central tax, State tax or Union territory tax only after exhausting all the credit on account of integrated tax available to him towards payment of integrated tax, Central tax, State tax or Union territory tax.