Subject to the statutory utilisation order, which cross-use of GST input tax credit is permitted?
Question and options
Subject to the statutory utilisation order, which cross-use of GST input tax credit is permitted?
SGST credit for CGST liability
CGST credit for IGST liability
UTGST credit for CGST liability
CGST credit for SGST liability
Answer and explanation
Correct answer: B - CGST credit for IGST liability
Section 49(5)(b) of the CGST Act allows credit of central tax to be used for paying central tax first and then integrated tax. Section 49(5)(e) bars using central tax credit for State or Union territory tax, and State or Union territory tax credit cannot be used for central tax.
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