Excess igst credit
This query is : Resolved
10 August 2019
Dear All
Some GST assessing officers are not allowing to assessee to adjust SGST liabilities against IGST input Credit.
According to them , IGST input credit can be adjust only against CGST & IGST liabilities & insisting assessee to pay SGST liability by challan.
Is there any circular or notification regarding this update ?
Now , is it possible for assessee to get refund against unutilized IGST input tax , immediately after submission of annual return GSTR-9 ?
Regards
S Mallick
Some GST assessing officers are not allowing to assessee to adjust SGST liabilities against IGST input Credit.
According to them , IGST input credit can be adjust only against CGST & IGST liabilities & insisting assessee to pay SGST liability by challan.
Is there any circular or notification regarding this update ?
Now , is it possible for assessee to get refund against unutilized IGST input tax , immediately after submission of annual return GSTR-9 ?
Regards
S Mallick
CA Anita Bhadra
(Expert)
10 August 2019
No such circular / notification regarding such update
As per latest updates:
Rule 88A. Order of utilization of input tax credit.-
Input tax credit on account of integrated tax shall first be utilised towards payment of integrated tax, and the amount remaining, if any, may be utilised towards the payment of central tax and State tax or Union territory tax, as the case may be, in any order:
Refund can not be claimed for unutilised credit .
As per latest updates:
Rule 88A. Order of utilization of input tax credit.-
Input tax credit on account of integrated tax shall first be utilised towards payment of integrated tax, and the amount remaining, if any, may be utilised towards the payment of central tax and State tax or Union territory tax, as the case may be, in any order:
Refund can not be claimed for unutilised credit .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
