Excess igst credit

This query is : Resolved

Somnath (Querist)
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10 August 2019 Dear All

Some GST assessing officers are not allowing to assessee to adjust SGST liabilities against IGST input Credit.

According to them , IGST input credit can be adjust only against CGST & IGST liabilities & insisting assessee to pay SGST liability by challan.

Is there any circular or notification regarding this update ?

Now , is it possible for assessee to get refund against unutilized IGST input tax , immediately after submission of annual return GSTR-9 ?

Regards

S Mallick

CA Anita Bhadra

CA Anita Bhadra (Expert)
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10 August 2019 No such circular / notification regarding such update

As per latest updates:
Rule 88A. Order of utilization of input tax credit.-

Input tax credit on account of integrated tax shall first be utilised towards payment of integrated tax, and the amount remaining, if any, may be utilised towards the payment of central tax and State tax or Union territory tax, as the case may be, in any order:

Refund can not be claimed for unutilised credit .