GST set of input

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When dealing with GST input tax credit, it's crucial to follow a specific set-off order. You must first utilise your IGST credit in any proportion you choose. Only after the IGST credit is fully used can you begin to offset CGST and SGST credits, prioritising CGST for IGST liabilities before using CGST and SGST for their respective tax heads.

Daya

Daya (Querist)
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02 June 2022 priority order of set off GST Input.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 June 2022 A taxpayer can utilise IGST credit in any proportion and in any order, but the condition is to completely utilise the IGST credit before using CGST or SGST credit.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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04 June 2022 Firstly you have to use IGST credit in any order, then you have to use CGST credit for IGST liability first then use CGST/SGST for their respective head

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