Devesh Thakur & Co(Chartered Accountants)

Utilization of Input Tax Credit under GST

utilization of input tax credit #cadeveshthakur

utilization of input tax credit #cadeveshthakur

📜 GST Circular No. 98/17/2019-GST: Understanding Input Tax Credit Utilization

Circular No. 98/17/2019-GST

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Order of Utilization of IGST Credit

CASE 1: When out of available IGST Credit of ₹1800, excess IGST Credit after adjusting the IGST Output liability is utilized in the following manner i.e., ₹ 200 towards CGST &  ₹100 towards SGST/UTGST.

Order of Utilization of IGST Credit

Particulars₹ IGST₹ CGST₹ SGST/UTGST
Output Liability1500800800
Input Tax Credit IGST1500200100
Input Tax Credit CGST 600 
Input Tax Credit SGST/UTGST  700
GST Payable   
Balance ITCNIL100NIL

CASE 2: When out of available IGST Credit of ₹1800, excess IGST Credit after adjusting the IGST Output liability is utilized in the following manner i.e., ₹ 100 towards CGST &  ₹200 towards SGST/UTGST.

Order of Utilization of IGST Credit


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