CGST AND SGST ITC CLAIM

This discussion addresses a query regarding the utilisation of Input Tax Credit (ITC) for CGST and SGST liabilities. The user is seeking clarification on whether the full available ITC from both cash and credit ledgers can be set off against GST liability, or if new rules restrict this. A key point raised is Rule 86B, which limits the use of the credit ledger to discharge output tax liability to 99% if outward supplies exceed ₹50 lakh in a month, with certain exceptions. There's also a point of confusion regarding whether cash ledger credit, specifically from TDS, can be used for GST liability.