CGST Rules Rule 88A — Order of utilization of input tax credit
CGST Rules, 2017 · Order of utilization of input tax credit
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Rule 88A of the CGST Rules, 2017 governs Order of utilization of input tax credit. It establishes the detailed procedural framework and compliance requirements necessary to implement the corresponding provisions of the CGST Act. Rule 88A CGST: Order of utilization of input tax credit — eligibility, conditions, case laws and compliance impact under Indian tax law.
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:1
Provided that the input tax credit on account of central tax, State tax or Union territory tax shall be utilised towards payment of integrated tax, central tax, State tax or Union territory tax, as the case may be, only after the input tax credit available on account of integrated tax has first been utilised fully.1
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1
Inserted vide Notification No. 16/2019-CT dated 29.03.2019.