Provision relating to utilisation of ITC
Anuj Sharma (115 Points)
03 September 2022
If we have sufficient ITC of IGST, still we can use ITC of CGST for tax payment of IGST.
3 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 03 September 2022
No you can't. Firstly you have to use IGST credit thereafter you use CGST or SGST
sabyasachi mukherjee
(27574 Points)
Replied 04 September 2022
Claiming input tax credit is different. But while utilizing be bit careful utilize Igst credit first if utilized fully then utilize rent.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 04 September 2022
As per Rule 88A , IGST need to be exhausted completely then only CGST can be utilized
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