Amendment status not verified — confirm the current text below against the official source.
In the principal Act, in section 48, in sub-section (2), after the word and figures "section 45"', the words "and to perform such other functjons" shall be inserted. In the principal Act, jn section 49, ( l) in sub-section (2), for the word and figures "section 41 ", the words, figures and letter "section 41 or section 431\'' shall be substituted; (2) in sub-section { 5 ), (a) in clause (c), for the punctuation mark ";", the punctuation mark ":·· shall be substituted and thereafter the following new proviso shall be inserted, namely: - "Provided that the input tax credit on account of State tax shall be utilised towards payment of integrated tax only where the balance of the input tax credit on account of central tax is not available for payment of integrated tax;"; (b) in clause (d), for the punctuation mark ";", lhe punctuation mark ":'" shall be substituted and thereafter the following new proviso shall be inserted, namely: - ··Provided that the input tax credit on account of Union tc.:nilory lax !ihall be utilised towards payment of integrated tax onl} where the balance (lf rhe input tax credit on ace<.mnt or cl:ntral ta"' is not available for payment of integrated tax ;'·. In the principal Act. aticr section 49. the following nc\.\- secuons shall be inserted, namely: "lJtilisation 49A. of input tax credit subject to certain conditions Order of