https://www.taxtmi.com/caselaws?id=772134 Disallowance of input tax credit based on utilisation of IGST credit against CGST and SGST liabilities was examined against the settled principles governing the electronic credit ledger, which was treated as a pool of funds with separate tax-head compartments. The challenged determination and appellate orders were found to require fresh scrutiny in light of those principles, and the matter was remitted for reconsideration after hearing the taxpayer. The effect is that the assessing authority must reassess the credit utilisation issue on the existing legal framework rather than on the impugned reasoning. en-us Tue, 25 Mar 2025 00:00:00 +0530 Mon, 09 Jun 2025 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772134 Disallowance of input tax credit based on utilisation of IGST credit against CGST and SGST liabilities was examined against the settled principles governing the electronic credit ledger, which was treated as a pool of funds with separate tax-head compartments. The challenged determination and appellate orders were found to require fresh scrutiny in light of those principles, and the matter was remitted for reconsideration after hearing the taxpayer. The effect is that the assessing authority must reassess the credit utilisation issue on the existing legal framework rather than on the impugned reasoning. Case-Laws GST Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772134