Utilisation of ITC as per New Rules

Tax Gyata28 Sep, 2021Finance

"CGST credit shall be utilized to pay CGST and then balance will be utilized to pay IGST. CGST credit cannot be utilized for payment of SGST/UTGST. SGST credit shall be utilized to pay SGST and then balance will be utilized to pay IGST. CGST credit cannot be utilized for payment of SGST/UTGST."

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