IGST ITC Uitilization

This discussion clarifies the correct procedure for utilising Input Tax Credit (ITC) on Integrated Goods and Services Tax (IGST). It addresses whether IGST ITC must first be used against CGST before SGST, or if it can be directly offset against IGST liability. The conversation points to Section 49(5) of the CGST Act and Rule 88A as key regulations governing this process, potentially superseding earlier GST circulars.