Impact of Section 49A On Working Capital limits.
Query (Issue) Started By: – TirumalaRao Vuppala Dated:- 28-2-2019 Last Reply Date:- 28-2-2019 Goods and Services Tax – GST
Got 1 Reply
GST
Dear Sirs,
\nWhat 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?
\nReply By Spudarjunan S:
\nThe Reply:
\nDear Sir,
\nThe 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 <\/p>\n
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