Notification 49/2019


(Querist)
14 November 2019
I AM HAVING PURCHASE ITC OF 200000. BUT AS PER NEW NOTIFICATION MY ITC IS GETTING RESTRICTED ONLY TO 100000.HOW TO SHOW THE BIFURCATION OF THIS AMOUNT INTO CGST SGST IGST .


Virendra Chaturvedi (Expert)
15 November 2019


From July 2019 onwards the below mode of off-set functionality has been made available, the following is the order and priority for ITC utilisation

firstly IGST Input will be utilised to pay liablity of IGST AND Balance if any of IGST Input will be used to pay CGST Liablity and still balance is there , it can be used to pay SGST Liablity

CGST Input can be used to pay CGST Liablity first and Balance( if any) can be used to pay IGST Liablity
SGST Input can be used to pay SGST Liability first and balance ( if any) can be used to pay IGST Liability


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