gst input credit utilisation

CGST Means: Central Goods and Service Tax (Intra State/Within State Transactions)
SGST Means: State Goods and Service Tax (Intra State/Within State Transactions)
IGST Means: Integrated  Goods and Service Tax (Inter-State/Outside State Transactions)

GST INPUT TAX CREDIT SET OFF RULES

CGST INPUT TAX CREDIT

• CGST Input Tax Credit First utilized towards payment of  CGST
• CGST Input Tax Credit Second utilized towards payment of IGST
• CGST Input Tax Credit cannot be used to set off against SGST

SGST INPUT TAX CREDIT

• SGST Input Tax Credit First utilized towards payment of  SGST
• SGST Input Tax Credit Second utilized towards payment of IGST
• SGST Input Tax Credit cannot be used to set off against CGST

IGST INPUT TAX CREDIT

• IGST Input Tax Credit First utilized towards payment of IGST
• IGST Input Tax Credit Second utilized towards payment of CGST
• IGST Input Tax Credit Third utilized towards payment of SGST

CGST AND SGST INPUT TAX CREDIT CANNOT SETOFF