setoff gst procedure & input tax credit rules with examples
1 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 24 December 2019
Manner of ITC utilisation and Cross utilisation:
1. IGST Cr. from IGST Dr.
2. Then balance IGST Dr. can be used for CGST Cr./SGST Cr., in any order
3. Only restriction: CGST Dr. cannot be used for SGST Cr. and vice versa
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