Clarification in respect of utilization of input tax credit under GST.

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.... Memo No. 933/GST-2 Panchkula, date the 30.04.2019 Subject: Clarification in respect of utilization of input tax credit under GST - Reg. Section 49 was amended and Section 49A and Section 49B were inserted vide Haryana Goods and Services Tax (Amendment) Act, 2018 [hereinafter referred to as the HGST (Amendment) Act]. The amended provisions came into effect from 1^st February 2019. 2. ....

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....dated the 11^th April, 2019. In order to ensure uniformity in the implementation of the provisions of the law, the Commissioner of State Tax, in exercise of its conferred by section 168 of the HGST Act, hereby clarifies the issues raised as below. 3. The newly inserted Section 49A of the HGST Act provides that the input tax credit of Integrated tax has to utilized completely before input tax cr....

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....tax credit on account of Integrated tax is completely exhausted first input tax credit on account of Central tax or State tax can utilized. It is clarified that after the insertion of the said rule. the order of utilization of input tax credit will be as per the order (of numerals) given below: Input tax Credit on account of Output liability on account of Integrated tax Output liability o....

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....ted tax Discharge of output liability on account of Central tax Discharge of output liability on account of State tax Balance of Input Tax Credit Integrated tax 1000 200 100 0 Input tax Credit on account of Integrated tax has been completely exhausted Central tax 0 100 - 100 State Tax 0 - 200 0 Total 1000 300 300 100 Option....