https://www.taxtmi.com/forum/issue?id=115314 A taxpayer reversed ineligible CGST and SGST ITC by utilising IGST balance because CGST/SGST credits were exhausted. Forum respondents largely view this as permitted under the rule allowing IGST to be applied against CGST and SGST liabilities and by analogy to pre GST credit usage, while a dissenting view argues that reversal is not payment of output tax and that post utilisation adjustment via IGST may contravene the prescribed credit application hierarchy. en-us Mon, 12 Aug 2019 19:25:06 +0530 Thu, 23 Jan 2025 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115314 A taxpayer reversed ineligible CGST and SGST ITC by utilising IGST balance because CGST/SGST credits were exhausted. Forum respondents largely view this as permitted under the rule allowing IGST to be applied against CGST and SGST liabilities and by analogy to pre GST credit usage, while a dissenting view argues that reversal is not payment of output tax and that post utilisation adjustment via IGST may contravene the prescribed credit application hierarchy. Discussion-Forum GST Mon, 12 Aug 2019 19:25:06 +0530 https://www.taxtmi.com/forum/issue?id=115314