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Ser off ITC under gst
procedure for set off ITC. is it mandatory to set off first full amount of IGST from CGST OR IN PROPORTION TO CGST AND SGST
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With the new rules in place, it is mandatory to utilise the entire IGST available in electronic credit ledger before utilising ITC on CGST or SGST. The order of setting off ITC of IGST can be done in any proportion and any order towards setting off the CGST or SGST output after utilising the same for IGST output.
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