Skip to content

Principles on Input Tax Credit

Principles on Input Tax Credit

  • System for a seamless flow of credit
  • Extends to inter-State supplies
  • Credit utilization would be as follows [Sec 49(5)]:

*The numbers represent the order of utilization of credit

  • Expectation: Accumulation of unutilized GST credits would be avoided except in cases of exports
GST-Goods and Service Tax | Tina Saha |