Clarification in respect of utilization of input tax credit under GST

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.... Heads of all CT & GST Enforcement Ranges & Units Heads of all CT & GST Territorial Circles & AUS CIRCULAR Subject: Clarification in respect of utilization of input tax credit under GST - Reg. Madam/Sir, Section 49 was amended and Section 49A and Section 49B were inserted vide Odisha Goods and Services Tax (Amendment) Act, 2018 [hereinafter referred to as the OGST (Amendment) Act]....

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....in exercise of the powers under Section 49B of the OGST Act vide Finance Department Government of Odisha Notification No. 11258-FIN-CT1-TAX-0043/2017 dated 30^th March, 2019 in order to ensure uniformity in the implementation of the provisions of the law, the undersigned, in exercise of its powers conferred by section 168 (1) of the OGST Act, hereby clarifies the issues raised as below. 3. The ....

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....tion of input tax credit of integrated tax towards the payment of Central tax and State tax, or as the case may be, Union territory tax, in any order subject to the condition that the entire input tax credit on account of Integrated tax is completely exhausted first before the input tax credit on account of Central tax or State / Union territory tax can be utilized. It is clarified that after the ....

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....0 Total 1600 1700 Option 1:           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 / Union territory tax 0 - 200 0 Total 1000 300 300 100 Option 2:        ....