New GST ITC Utilization Process : Proposed GST Amendment

It is proposed to amend clauses (c) and (d) of Section 49 of CGST Act to provide that the credit of State tax/ Union territory tax can be utilized 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.

This amendment is required since the GST common portal has placed this restriction in the utilization of input tax credit of State tax/Union territory tax towards payment of integrated
tax.

Draft Proposal for Amendments in GST Laws Released 09.07.18 : Download /Print

Analysis by CA Satbir Singh on Proposed GST Amendment regarding New GST ITC Utilization Process