Utilization of integrated tax credit: integrated credit must be exhausted before using central or state tax credits on liabilities. Input tax credit of integrated tax must be completely exhausted before central tax or state/union territory tax credits can be utilized; the amended provision allows integrated tax credit to be applied toward integrated, central and state/UT liabilities in any order or proportion subject to mandatory exhaustion of integrated tax credit, and the rules provide illustrative allocation methods while allowing existing portal functionality to remain in use until 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.
Utilization of integrated tax credit: integrated credit must be exhausted before using central or state tax credits on liabilities.
Input tax credit of integrated tax must be completely exhausted before central tax or state/union territory tax credits can be utilized; the amended provision allows integrated tax credit to be applied toward integrated, central and state/UT liabilities in any order or proportion subject to mandatory exhaustion of integrated tax credit, and the rules provide illustrative allocation methods while allowing existing portal functionality to remain in use until updated.
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