21 December 2023
One client import of goods from outside country and paid IGST to the custom department. so can we take IGST input credit against local liability SGST and SGST on basis of GSTR2B OR need to go for IGST refund?
14 January 2024
The order of utilisation of IGST credit post offset to IGST liability can be in any order or proportion between CGST/SGST but the only pre-condition is exhausting IGST completely before using other credits. Hence,it can be concluded that any taxpayer must begin with set-off process starting with ITC of IGST and utilise it completely before proceeding to utilise the ITC of CGST or ITC of SGST.
CAclubindia
