No IGST credit is required to be reversed when credit is wrongly claimed instead of CGST and SGST


Last updated: 08 June 2024

Court :
Calcutta High Court

Brief :
The Hon'ble Calcutta High Court in the case of M/s. Cosyn Limited v. Assistant Commissioner of State Tax [M.A.T. NO. 2411 OF 2023 dated April 30, 2024] held that there is no requirement to reverse the Integrated Goods and Services Tax ("IGST") credit where the Assessee had availed IGST credit and subsequently used the same for payment of the Central Goods and Service Tax ("CGST") and the State Goods and Services Tax ("SGST"), on utilization of IGST for payment of SGST. 

Citation :
M.A.T. NO. 2411 OF 2023 dated April 30, 2024

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Bimal Jain
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