Utilization of input tax credit: integrated tax credit must be exhausted before central or state credits, but may then be apportioned flexibly. Integrated tax credit must be fully exhausted before any central or state/union territory tax credit is used; thereafter integrated credit may be apportioned in any order or proportion to discharge central or state/union territory liabilities, preventing accumulation in one ledger and permitting flexible cross-utilisation subject to the exhaustion mandate.
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.
Utilization of input tax credit: integrated tax credit must be exhausted before central or state credits, but may then be apportioned flexibly.
Integrated tax credit must be fully exhausted before any central or state/union territory tax credit is used; thereafter integrated credit may be apportioned in any order or proportion to discharge central or state/union territory liabilities, preventing accumulation in one ledger and permitting flexible cross-utilisation subject to the exhaustion mandate.
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