https://www.taxtmi.com/circulars?id=60795 Input tax credit on account of Integrated tax must be completely exhausted before any credit of Central tax or State/Union Territory tax can be utilised; the new rule allows Integrated tax credit to be applied toward Central and State liabilities in any order and proportion only after Integrated credit is fully depleted. The circular explains the resulting order of utilisation, provides illustrative allocations, and advises that pending updates to the common portal taxpayers may continue to use current portal functionality. en-us Thu, 02 May 2019 00:00:00 +0530 Mon, 06 May 2019 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60795 Input tax credit on account of Integrated tax must be completely exhausted before any credit of Central tax or State/Union Territory tax can be utilised; the new rule allows Integrated tax credit to be applied toward Central and State liabilities in any order and proportion only after Integrated credit is fully depleted. The circular explains the resulting order of utilisation, provides illustrative allocations, and advises that pending updates to the common portal taxpayers may continue to use current portal functionality. Circulars GST - States Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60795