Manner of utilization of itc

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nil
21 Points Posted on 26 August 2020
manner of utilization of itc
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On 26 August 2020 at 20:50 Report
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This discussion clarifies the rules for utilising Input Tax Credit (ITC). It highlights that while ITC can be used in various ways, cross-utilisation between central and state credits is generally not permitted. Specific guidance from Circular 97/17/2019 GST is referenced, detailing that IGST can be used for IGST, CGST, and SGST; CGST for CGST and SGST; and SGST only for SGST.

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T
405 Points Posted on 26 August 2020
U can use in any manner but remember cross utilization of centre and state credits not allowed
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On 26 August 2020 at 23:09
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GST Practitioner
55067 Points Posted on 26 August 2020
Kindly circular 97/17/2019 GST
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On 26 August 2020 at 23:30
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Others
1012 Points Posted on 27 August 2020

Hi

Input can be utilised  with same or cross GST paid. A brief for your conveniance is depicted below:
-IGST with IGST, CGST and SGST;
-CGST with CGST and SGST;
-SGST with SGST only.

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On 27 August 2020 at 04:02

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