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GST - Highlights / Catch Notes

Home Highlights December 2021 Year 2021 This

Transfer of Credit under Rule 54(1A) of the CGST Rules to the ...

GST

December 11, 2021

Transfer of Credit under Rule 54(1A) of the CGST Rules to the ISD - issuance of Invoice or Debit/Credit Note - Outward Taxable Supplies or not - A combined reading of the provisions prescribed above clearly indicate that a registered person intending to transfer the credit on common input services to ISD shall file the details of such credit in Form GSTR-1. However, if an invoice is raised on an ISD with the same State code the credit of tax can be issued for CGST & SGST by utilizing the IGST credit as indicated under Sec 49 of the CGST Act, 2017. - AAR

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