Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 

TMI Blog

Home List
← Previous Next →

Clarification in respect of utilization of input tax credit under GST.

..... Additional/Jt. Commissioner of State Taxes and Excise, (South Zone, North Zone, Central Zone), Shimla, Palampur, Mandi, H.P. 2. The Joint Commissioner of State Taxes and Excise, Flying Squad, (Central Zone, North Zone, South Zone), Una, Palampur, Parwanoo, H.P. 3. The Dy. Commissioner of State Taxes and Excise, Shimla, Solan, BBN Baddi, Sirmour, Bilaspur, Hamirpur, Mandi. Kullu, Chamba, Kangra, Re .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... umulation of input tax credit for one kind of tax (say State tax)in electronic credit ledger and discharge of liability for the other kind of tax (say state tax) through electronic cash ledger in certain scenarios. Accordingly, rule 88A was inserted in the Himachal Pradesh Goods and Services Tax Rules, 2017 (hereinafter referred to as the HPGST Rules) in exercise of the powers under Section 49B of .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... is tax liability on account of one type of tax (say State tax) through electronic cash ledger, while the input tax credit on account of other type of tax (say Central tax) remains un-utilized in electronic credit ledger. 4. The newly inserted rule 88A in the HPGST Rules allows utilization of input tax credit of Integrated tax towards the payment of Central tax and State tax, or as the case may be, .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... rritory tax (VII) Not permitted (VI) 5. The following illustration would further amplify the impact of newly inserted rule 88A of the HPGST Rules: Illustration: Amount of Input tax Credit available and output liability under different tax heads Head Output Liability Input tax Credit Integrated tax 1000 1300 Central tax 300 200 State tax / Union Territory tax 300 200 Total 1600 1700 Option 1: Input .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... tal 1000 300 300 100 6. Presently, the common portal supports the order of utilization of input tax credit in accordance with the provisions before implementation of the provisions of the HPGST (Amendment) Act, i.e., pre-insertion of Section 49A and Section 49B of the HPGST Act. Therefore, till the new order of utilization as per newly inserted Rule 88A of the HPGST Rules is implemented on the com .....

X X X X X X X

Full Text of the Document

X X X X X X X

 

 

← Previous Next →

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map ||