Category: GST

  • Cross Utilization of GST Input Credit

    Cross Utilization of GST Input Credit

    Input GST credit can be cross-utilized for payment of other tax liabilities, this means that a credit component of Central Goods and Services Tax (CGST) / State Goods and Services Tax (SGST) can be utilized for Integrated Goods and Services Tax (IGST), and vice versa. The Law on the order of Input Tax Credit (ITC)…