Clarification in respect of utilization of input tax credit under GST

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..... issioners/Deputy Commissioners/ Assistant Commissioner/State Tax Officers/ State Tax, Chhattisgarh (All) . 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 Chhattisgarh Goods and Services Tax (Amendment) Act. 2018 [hereinafter referred to as the CGGST (Amendment) Act]. The amended provisions came into effect from 1 st February 2019. 2. The Central Board of Indirect Taxes Customs (CBIC) has issued circular No. 98/17/2019-GST dated .....

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..... 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 or 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 on account of Central tax Output liability on account of State tax / Union Territory tax Integrated tax (I) (II) - In any order and in any proportion .....

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..... Discharge of output liability on account of Central tax Discharge Of Output liability on account of State taxi 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 terri .....

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..... 300 100 6. Presently, the common portal supports the order or utilization of input tax credit in accordance with the provisions before implementation of the provisions of' the CGGST (Amendment) Act i.e. pre-insertion of Section 49A and Section 49B of the CGGST Act, Therefore, till the new order of utilization as per newly inserted Rule 88A of the CGCST Rules is implemented on the common portal, taxpayers may continue to utilize their input tax credit as per the functionality available on the common portal. 7. It is requested that suitable trade notices may be issued to publicize the contents of this circular. 8. Difficulty if any, in impl .....

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