https://www.taxtmi.com/circulars?id=60909 The circular clarifies that Integrated tax credit must be fully exhausted before credit of Central tax or State/Union Territory tax can be utilized. It explains that the amended statutory order requires Integrated tax credit to be applied first to Integrated tax liability and then, subject to full exhaustion, to Central and State/Union Territory liabilities. Rule-based flexibility permits allocation of Integrated tax credit towards Central and State/Union Territory liabilities in any order and proportion so long as Integrated tax credit is exhausted first, and taxpayers may use existing portal functionality until it is updated. en-us Wed, 24 Apr 2019 00:00:00 +0530 Sat, 11 May 2019 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60909 The circular clarifies that Integrated tax credit must be fully exhausted before credit of Central tax or State/Union Territory tax can be utilized. It explains that the amended statutory order requires Integrated tax credit to be applied first to Integrated tax liability and then, subject to full exhaustion, to Central and State/Union Territory liabilities. Rule-based flexibility permits allocation of Integrated tax credit towards Central and State/Union Territory liabilities in any order and proportion so long as Integrated tax credit is exhausted first, and taxpayers may use existing portal functionality until it is updated. Circulars GST - States Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60909