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??
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IGST ITC Uitilization
Replies (4)
Quick Summary
As per amendment act the order of utilization after the setoff of IGST liability was compulsory CGST and then SGST/UGST
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!
Rule 88A-Check this I think it is prior to circular no. 98/17/2019..
Sec 49(5) cgst act, Rule 88A; very simple
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