Input tax credit priority: integrated tax must be exhausted before central or state credits; new rule permits flexible allocation. The amendment requires integrated tax input credit to be fully exhausted before central or state/union territory tax credits are used, while the implementing rule allows the integrated tax credit to be apportioned towards central and state/union territory liabilities in any order and proportion, provided the integrated tax credit is completely utilized first; taxpayers may continue to use existing GST portal functionality until it is updated.
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.
Input tax credit priority: integrated tax must be exhausted before central or state credits; new rule permits flexible allocation.
The amendment requires integrated tax input credit to be fully exhausted before central or state/union territory tax credits are used, while the implementing rule allows the integrated tax credit to be apportioned towards central and state/union territory liabilities in any order and proportion, provided the integrated tax credit is completely utilized first; taxpayers may continue to use existing GST portal functionality until it is updated.
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