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of <h1>GST Update: Rule 88A Allows Flexible Use of Integrated Tax Credits, Prioritize Integrated Credits Before Central or State Credits.</h1> The circular issued by the Commissioner of GST & Central Excise clarifies the utilization of input tax credit under the GST framework. Following amendments to Section 49 and the introduction of Sections 49A and 49B, taxpayers faced challenges due to the mandatory order of utilizing integrated tax credits before central or state tax credits. Rule 88A was introduced to allow more flexibility, permitting the use of integrated tax credits for central and state taxes in any order, provided integrated tax credits are exhausted first. Until the common portal updates to reflect this change, taxpayers can continue using the existing system. The notice urges officials and trade associations to disseminate this information.
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