TaxTMI 
TaxTMI 
Clarification in respect of utilization of input tax credit under GST
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.... Circular No. 21/2019 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 the Andhra Pradesh Goods and Services Tax (Amendment) Act, 2018 [hereinafter referred to as the APGST (Amendment) Act]. The amended provisions came into effect from 1st February 2019. 2. Various representations hav....
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..... 16/2019-Central Tax, Dated 29th March, 2019. In order to ensure uniformity in the implementation of the provisions of the law, the Chief Commissioner, in exercise of his powers conferred by section 168 (1) of the APGST Act, hereby clarifies the issues raised as below. 3. The newly inserted Section 49A of the APGST Act provides that the input tax credit of Integrated tax has to be utilized comp....
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....on 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 insertion of the said rule, the order of utilization of input tax credit will be as per the order (of numerals) given b....
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....al 1600 1700 Option 1 : Input tax Credit on account of Discharge of output liability on account of Integrated tax Discharge of output liability on account of Central tax Discharge of output liability on account of State tax / Union Territory tax Balance of Input Tax Credit Integrated tax 1000 200 100 0 Input tax Credit on account of Integrated tax has been completely exhausted Centr....