GST – Started By: – TirumalaRao Vuppala – Dated:- 28-2-2019 Last Replied Date:- 28-2-2019 – Dear Sirs, What is the impact of Section 49A on working capital limits? If IGST not available to adjust to output tax of CGST & SGST, we will be pay by way of Cash. As per my knowledge up to 31-01-2019 ITC GST adjustment is correct. What is the use to dealers as per new adjustment system of GST? – Reply By Spudarjunan S – The Reply = Dear Sir, The probable reason for insertion of section 49A under GST Act is to utilise the IGST credit in first against the tax liability in order to avoid the complexity to Central Government to apportionate the IGST credits to the states. The impact of Section 49A is accumulation of CGST credit and cash outflow fo
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