The ITC of IGST shall first be utilised towards payment of IGST on Outward Supply. The amount remaining may be utilised towards the payment of:

CS Executive · Tax Laws · PYQS · June 2024
The ITC of IGST shall first be utilised towards payment of IGST on Outward Supply. The amount remaining may be utilised towards the payment of:
(A) CGST only
(B) SGST only
(C) First CGST, then SGST/UTGST
(D) First SGST, then CGST/UTGST

Answer & Explanation:

The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: None of the given options are correct. ITC on account of IGST shall first be utilised towards payment of IGST, and the amount remaining, if any, may be utilised towards the payment of CGST and SGST or UTGST, as the case may be, in any order.

Topics: Goods and Services Tax (GST)

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