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Clarification in respect of utilization of input tax credit under GST

alaya, Gandhinagar, Bengaluru-560009, Dated: 02-05-2019 COMMISSIONER OF COMMERCIAL TAXES CIRCULAR No. GST-03/2019-20 Subject: - Reg. Section 49 was amended and Section 49A and Section 49B were inserted vide Karnataka Goods and Services Tax (Amendment) Act, 2018 [hereinafter referred to as the KGST (Amendment) Act]. The amended provisions came into effect from 1st February 2019. 2. Various represen .....

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/2019) No. FD 47 CSL 2017, dated 15th April, 2019. In order to ensure uniformity in the implementation of the provisions of the law, in exercise of powers conferred by section 168 (1) of the KGST Act, the issues raised are hereby clarified as below. 3. The newly inserted Section 49A of the KGST Act provides that the input tax credit of Integrated tax has to be utilized completely before input tax .....

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input tax credit on account of Integrated tax is completely exhausted first before the input tax credit on account of Central tax or State / State 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 below: Input tax Credit on account of Output liability on account of Integrated ta .....

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ischarge 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 Central tax 0 100 - 100 State tax / Union territory tax 0 - 200 0 Total 1000 300 300 100 Option 2: Input tax Credit on account of Disch .....

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ayers may continue to utilize their input tax credit as per the functionality available on the common portal. 7. This circular is clarificatory in nature and cannot be made use of for interpretation of provisions of law. If any member of trade has any doubt, he may refer the matter to this office for further clarification. All the members of trade and industry are requested to follow the procedure .....

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