IGST-ITC utilisation

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CA Practice
28 Points Posted on 11 February 2022
Please suggest whether ITC of IGST is allowed against SGST output liability ,further is their any restrictions, conditions for utilisation?
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On 11 February 2022 at 23:07 Report
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Quick Summary
This discussion clarifies the utilisation of IGST Input Tax Credit (ITC). It confirms that IGST ITC can indeed be used to offset SGST output liability. Furthermore, the consensus is that after adjusting IGST output, any remaining IGST ITC can be applied against both SGST and CGST output liabilities without any specific restrictions or conditions.

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Accountant
175 Points Posted on 11 February 2022
First igst ITC should be adjusted with igst output, the remaining ITC can be adjusted with both sgst and cgst output for any value. there is no restriction.
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On 11 February 2022 at 23:24
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Practicing Chartered Accountant
959 Points Posted on 12 February 2022
Yes, it is allowed without any restrictions/conditions.
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On 12 February 2022 at 03:13

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