What is the current practice for Utilization of IGST ITC as per the regulations of the Act?
Is it that it has to be utilized against CGST First and then the balance against SGST after utilization against IGST Liability??
Bharat Rotangan (Audit Consultant) (30 Points)
26 February 2020What is the current practice for Utilization of IGST ITC as per the regulations of the Act?
Is it that it has to be utilized against CGST First and then the balance against SGST after utilization against IGST Liability??
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 26 February 2020
Bharat Rotangan
(Audit Consultant)
(30 Points)
Replied 26 February 2020
So whether the stated amendment mentioned by you overwrites the GST circular no. 98/17/2019.
If yes, then request you to provide us the link of amended act. It would be really helpful.
Thanks for the revert!
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 26 February 2020
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