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of <h1>GST Circular Clarifies Input Tax Credit Use: Exhaust Integrated Tax First, Followed by Central/State Credits u/s 49A.</h1> The circular clarifies the utilization of input tax credit under the Goods and Services Tax (GST) following amendments to Section 49 and the introduction of Sections 49A and 49B of the CGST Act. Effective February 1, 2019, Section 49A mandates that integrated tax credit be exhausted before using central or state tax credits. Rule 88A allows for the flexible use of integrated tax credit against central and state taxes, provided it is fully utilized first. The circular includes illustrations and states that until the common portal is updated, taxpayers should follow existing procedures. Trade notices should be issued to inform stakeholders.
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