GST registered taxpayers can set off the input tax credit availed against the output tax liabilities. For example, As per rules, ITC of IGST should be first utilised to pay off IGST liabilities, and the balance IGST credit can be used for paying CGST and SGST/ UTGST liabilities.
GST registered taxpayers can set off the input tax credit availed against the output tax liabilities. For example, As per rules, ITC of IGST should be first utilised to pay off IGST liabilities, and the balance IGST credit can be used for paying CGST and SGST/ UTGST liabilities.