igst set off
from 1st april 2019 is there any changes have been made in setoff igst and cgst and sgst.
Replies (1)
There is a change in utilisation of credit but w.e.f 1st Feb'19. The change is that, IGST credit should be utilised first against the liability of IGST, CGST/CGST.
That is credit of CGST/SGST can be utilised only when IGST credit is exhausted..
Refer circular
Link https://www.cbic.gov.in/resources//htdocs-cbec/gst/Circular-98-17-2019-GST.pdf
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