Utilization of ITC for paying GST Tax

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Sr. Accounts Officer
53 Points Posted on 20 February 2021
what is the procedure for utilisation of itc to pay gst tax?
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On 20 February 2021 at 23:15 Report
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Quick Summary
This discussion explains the procedure for using your Input Tax Credit (ITC) to pay Goods and Services Tax (GST). The recommended method involves first utilising your IGST credit to cover IGST liabilities. Subsequently, CGST credit is used for CGST liabilities, followed by SGST credit for SGST liabilities.

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Practicing Chartered Accountant
1105 Points Posted on 20 February 2021
First you need to use IGST input for IGST CGST AND SGST liability thn Cgst thn SGST will be ysed
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On 20 February 2021 at 23:49
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Sr. Accounts Officer
53 Points Posted on 21 February 2021
Thanks & Regards
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On 21 February 2021 at 11:04

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