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    <title>Clarification in respect of utilization of input tax credit under GST</title>
    <link>https://www.taxtmi.com/circulars?id=61217</link>
    <description>The amended NGST framework mandates that integrated tax input credit be completely exhausted before any central tax or state/union territory tax credit may be utilised. A rules provision allows integrated tax credit to be applied toward central and state/UT tax liabilities in any order or proportion subject to mandatory exhaustion of integrated credit first. Taxpayers may continue to follow the existing common portal functionality until the new order of utilization is implemented, and are urged to publicise the clarification and report implementation difficulties.</description>
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    <pubDate>Tue, 23 Apr 2019 00:00:00 +0530</pubDate>
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      <title>Clarification in respect of utilization of input tax credit under GST</title>
      <link>https://www.taxtmi.com/circulars?id=61217</link>
      <description>The amended NGST framework mandates that integrated tax input credit be completely exhausted before any central tax or state/union territory tax credit may be utilised. A rules provision allows integrated tax credit to be applied toward central and state/UT tax liabilities in any order or proportion subject to mandatory exhaustion of integrated credit first. Taxpayers may continue to follow the existing common portal functionality until the new order of utilization is implemented, and are urged to publicise the clarification and report implementation difficulties.</description>
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      <pubDate>Tue, 23 Apr 2019 00:00:00 +0530</pubDate>
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