Gst-order of utilization of credit

Gaurav (student) (89 Points)

23 August 2017  

Hi Friends,

Required clarity on the order of utilization of credit under GST. It will be helpful if it can be answered basis the following case law:

 

Output tax liability:

IGST = 1,00,000 ; CGST= 2,00,000, SGST = 2,00,000

Input Tax credit:

IGST= 2,50,000; CGST = 1,50,000; SGST = 1,50,000

The total input tax credit available is more than output tax liability. Can anyone help with the order of utilization of input tax credit. Have got a similar case and same needs to be filed.

Thanks in advance