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