EXCESS ITC CLAIMED BUT ONLY IGST PART IS UTILISED

This query is : Resolved

SHAMNHU NATH TRIVEDI (Querist)
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23 November 2022 I HAVE CLAIMED EXCESS ITC AS UNDER
IGST 233000
CGST 242000
SGST 242000
UTILISED
IGST 233000
CGST NIL
SGST NIL
Combined Balance Utilised NIL
WHETHER FOR INTEREST CALCULATION IGST MAY BE TAKEN OR COMBINED BALANCE WILL BE CONSIDERED AS A WHOLE
SGST NIL

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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24 November 2022 AS of now there is no clarity and no judicial precedent also. The rule 88B(3) read with explanation says balance in e credit ledger but does not say about head wise though clearly but in my opinion department will raised demand for interest as IGST has been not only claimed but also utilized for the purpose of output tax set off.