Provision relating to utilisation of ITC

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115 Points Posted on 03 September 2022
If we have sufficient ITC of IGST, still we can use ITC of CGST for tax payment of IGST.
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On 03 September 2022 at 18:27 Report
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Quick Summary
This discussion clarifies the rules for utilising Input Tax Credit (ITC) under GST. It explains that you must fully utilise your IGST credit before you can use your CGST or SGST credit to pay IGST liabilities. Rule 88A of the CGST Rules mandates this order of utilisation.

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Chartered Accountant
86505 Points Posted on 03 September 2022
No you can't. Firstly you have to use IGST credit thereafter you use CGST or SGST
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On 03 September 2022 at 19:24
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Profession Business
28246 Points Posted on 04 September 2022
Claiming input tax credit is different. But while utilizing be bit careful utilize Igst credit first if utilized fully then utilize rent.
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On 04 September 2022 at 11:24
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GST Practitioner
55067 Points Posted on 04 September 2022
As per Rule 88A , IGST need to be exhausted completely then only CGST can be utilized
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On 04 September 2022 at 16:46

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