ITC adjustment new rule

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Tax Consultant
415 Points Posted on 11 October 2022
Respected sir/madam
please specify the ITC adjustment rule according to tax adjustment IGst Cgst sgst
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On 11 October 2022 at 21:59 Report
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Quick Summary
This discussion clarifies the updated Input Tax Credit (ITC) adjustment rules following recent amendments to GST regulations. It highlights changes in set-off procedures, particularly concerning IGST, CGST, and SGST. The advice given is to fully utilise IGST before considering other credits.

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SEO Sai Gr. Hosp.
212455 Points Posted on 12 October 2022

After the recent amendment the Set off rules have changed... For new rule.. refer ...

amendment-in-gst-itc-set-off-rules-and-impact-analysis

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On 12 October 2022 at 12:22
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Student
1628 Points Posted on 12 October 2022
I against C and S
C against C
S against S

First of all you need to fully utilise your IGST
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On 12 October 2022 at 16:21

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