Settlement of account ensures exporting states reimburse SGST ITC and centre compensates importing states for IGST ITC. Settlement of accounts requires the exporting state to remit to the Centre an amount equal to the SGST input tax credit used by suppliers in that state, while the Centre remits to the importing state an amount equal to the IGST input tax credit used by dealers for payment of SGST on intra state supplies; settlements are computed cumulatively for each state and similar reconciliation occurs between CGST and IGST accounts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Settlement of account ensures exporting states reimburse SGST ITC and centre compensates importing states for IGST ITC.
Settlement of accounts requires the exporting state to remit to the Centre an amount equal to the SGST input tax credit used by suppliers in that state, while the Centre remits to the importing state an amount equal to the IGST input tax credit used by dealers for payment of SGST on intra state supplies; settlements are computed cumulatively for each state and similar reconciliation occurs between CGST and IGST accounts.
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