https://www.taxtmi.com/forum/issue?id=119863 Cross utilisation of Input Tax Credit allows credit from one business activity to offset tax on another activity under the same GST registration because ITC forms a common pool and does not require one to one correlation, subject to blocked credits under Section 17(5) and proportionate reversal rules for exempt supplies; appellate and tribunal authorities (Aristo Bullion, Larsen & Toubro) and CBIC guidance support this position, and recent Kerala High Court commentary rejected penalisation for using IGST credit across CGST/SGST heads when statutory conditions are satisfied. en-us Fri, 11 Apr 2025 10:39:46 +0530 Mon, 14 Apr 2025 17:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119863 Cross utilisation of Input Tax Credit allows credit from one business activity to offset tax on another activity under the same GST registration because ITC forms a common pool and does not require one to one correlation, subject to blocked credits under Section 17(5) and proportionate reversal rules for exempt supplies; appellate and tribunal authorities (Aristo Bullion, Larsen & Toubro) and CBIC guidance support this position, and recent Kerala High Court commentary rejected penalisation for using IGST credit across CGST/SGST heads when statutory conditions are satisfied. Discussion-Forum GST Fri, 11 Apr 2025 10:39:46 +0530 https://www.taxtmi.com/forum/issue?id=119863