IGST ITC utilize CGST and SGST

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59 Points Posted on 17 November 2022
Dear Experts🙏... I purchase goods in interstate and intra state. I sell goods only in Tamil Nadu. While filing GST return, the IGST amount is fully shown in CGST only.
So in my opinion can I claim this IGST ITC amount as Output Due 50% CGST and 50% SGST.

Are there any restrictions on this?
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On 17 November 2022 at 12:14 Report
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Quick Summary
This discussion clarifies how businesses can utilise IGST Input Tax Credit (ITC) when they purchase goods interstate but sell only within Tamil Nadu. Experts advise that IGST ITC can be fully utilised against CGST liability, and there are no apparent restrictions on claiming it against both CGST and SGST. The consensus is that IGST ITC can be applied to CGST and SGST liabilities in any proportion.

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Student CA Final
422 Points Posted on 17 November 2022
Hi Bilal,
It is advisable to utilise IGST ITC completely for the CGST liability. I dont think there will be any impact.
Thanks,
Bhavana CA
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On 17 November 2022 at 21:42
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Assistant
719 Points Posted on 18 November 2022
Igst input u can utilise against cgst n sgst liability in any manner.
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On 18 November 2022 at 08:17

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