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
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 .
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