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of <h1>Understanding Input Tax Definitions: CGST, SGST, IGST Impact on Tax Credit Utilization</h1> The different definitions of 'input tax' in the CGST, SGST, and IGST Acts affect how tax credits are applied. Under the CGST Act, input tax includes IGST and CGST, while the SGST Act includes IGST and SGST. The IGST Act encompasses all three: IGST, CGST, and SGST. Consequently, credits for all three taxes can be used to offset IGST liabilities. However, only IGST and CGST credits are applicable under the CGST Act, and IGST and SGST credits under the SGST Act. Cross-utilization of CGST and SGST credits is not permitted.
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