Priority of gst credit

Utilization of IGST’s Input Tax Credit under GST

The Input Tax Credit under GST of IGST shall be

• first utilized towards payment of IGST;
• then towards the payment of output CGST;
• and then towards the payment of output SGST

Utilization of SGST’s Input Tax Credit under GST

The Input Tax Credit under GST of SGST shall be

• first utilized towards the payment of output SGST;
• and then towards the payment of output IGST

However, Input Tax Credit under GST of CGST can’t be used to adjust CGST.

Utilization of CGST’s Input Tax Credit under GST

The Input Tax Credit under GST of CGST shall be

• first utilized towards the payment of output CGST
• and then towards the payment of output IGST

However, Input Tax Credit under GST of CGST can’t be used to adjust SGST.