How to adjust Input Tax Credit with GST Payable as per New Rules ?

ITC Rules in GSTR 3B for set off Tax credit

—The government has amended CGST Act 2017 vide CGST Amendment Act 2018 with various changes w.e.f and one of the important amendment was made in Section 49 of CGST Act by introducing new section 49A & 49B after the section 49, which is as under: —49A. Notwithstanding anything contained in section 49, the input tax credit on account of central tax, State tax or Union territory tax shall be utilized 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 utilized fully towards such payment

As per the existing set off the following rules apply –


As per rules effective 1st February 2019, the following rules will apply for any tax payments made –


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