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Home Acts & Rules GST Draft-Bills-Reports FAQ [OLD] on Goods and Services Tax (GST) - (December 2015) This

Question 16 - Will cross utilization of credits between goods and services be allowed under GST regime? - FAQ [OLD] on Goods and Services Tax (GST) - (December 2015)

FAQ [OLD] on Goods and Services Tax (GST) - (December 2015)
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Q 16: Will cross utilization of credits between goods and services be allowed under GST regime?

Ans: Cross utilization of credit of CGST between goods and services would be allowed. Similarly, the facility of cross utilization of credit will be available in case of SGST. However, the cross utilization of CGST and SGST would generally not be allowed except in the case of inter-State supply of goods and services under the IGST model which is explained in answer to the next question.

 
 
 
 

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