Insertion of new sections 49A and 49B-Utilisation of input tax credit subject to certain conditions-Order of utilisation of input tax credit.

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..... ns shall be inserted, namely: Utilisation of input tax credit subject to certain conditions 49A. 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 avail .....

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