{"id":1990,"date":"2019-09-26T17:46:10","date_gmt":"2019-09-26T12:16:10","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=1990"},"modified":"2020-01-11T18:31:14","modified_gmt":"2020-01-11T13:01:14","slug":"new-rules-for-itc-utilisation","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/new-rules-for-itc-utilisation\/","title":{"rendered":"New Rules for ITC Utilisation"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">As per the notification no.16\/2019 dated 29.03.2019, a new rule 88A has been introduced into the CGST rules describing the order of utilization of Input Tax Credit as the old ITC Utilisation mechanism resulted in accumulation of ITC for one kind of tax in electronic credit ledger and the liability of other kinds of tax is discharged through electronic cash ledger.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1997 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/09\/New-Rules-for-ITC-Utilisation-1.png\" alt=\"New Rules for ITC Utilisation\" width=\"700\" height=\"400\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/09\/New-Rules-for-ITC-Utilisation-1.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/09\/New-Rules-for-ITC-Utilisation-1-300x171.png 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/09\/New-Rules-for-ITC-Utilisation-1-20x11.png 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/new-rules-for-itc-utilisation\/#Need_for_Rule88A\" title=\"Need for Rule.88A\">Need for Rule.88A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/new-rules-for-itc-utilisation\/#Rule88A_of_Central_Goods_and_Services_Tax_Rules_2017\" title=\"Rule.88A of Central Goods and Services Tax Rules, 2017\">Rule.88A of Central Goods and Services Tax Rules, 2017<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/new-rules-for-itc-utilisation\/#Illustration_for_ITC_utilization_under_Rule88A\" title=\"Illustration for ITC utilization under Rule.88A\">Illustration for ITC utilization under Rule.88A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/new-rules-for-itc-utilisation\/#The_procedure_of_ITC_Utilization_shall_be_illustrated_below_under_two_options\" title=\"The procedure of ITC Utilization shall be illustrated below under two options\">The procedure of ITC Utilization shall be illustrated below under two options<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/new-rules-for-itc-utilisation\/#Option-1\" title=\"Option-1\">Option-1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aktassociates.com\/blog\/new-rules-for-itc-utilisation\/#Option-2\" title=\"Option-2\">Option-2<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Need_for_Rule88A\"><\/span><strong>Need for Rule.88A<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The amended provision of section 49(5) of the GST Act, states that the integrated goods and services tax (IGST) credit available in the electronic credit shall first be utilized for the payment of integrated goods and services tax and the remaining unutilized credit of IGST available in the electronic credit ledger can be utilized for the payment of Central goods and services tax (CGST) and then for the payment of State <a href=\"https:\/\/aktassociates.com\/blog\/goods-service-tax-gst\/\">Goods and Services Tax<\/a> (SGST) in that order mandatorily, and<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The new section 49A inserted vide Central Goods and Services Tax\u00a0 (Amendment) Act, 2018, states that the Integrated Goods and Services tax credit has to be utilized fully before utilizing the Input Tax Credit (ITC) of\u00a0 Central or State tax for the discharge of any liability.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The above provisions has led to a scenario where a registered taxpayer has to discharge his liability in respect of one type of tax (for example. central tax) through utilizing credit available in electronic credit ledger and another type of tax liability (for example. state tax) has to be discharged by payment through electronic cash ledger, while the Input tax credit on account of another type of tax (central tax) remains unutilized in electronic credit ledger.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rule88A_of_Central_Goods_and_Services_Tax_Rules_2017\"><\/span><strong>Rule.88A of Central Goods and Services Tax Rules, 2017<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As per the powers conferred in section-49B of the Goods and Services act, describing that the government subject to the provisions of clause(e) and clause(f) of sub-section 5 of section 49 on the recommendations of the council, prescribe the order and manner of utilization of the Input Tax Credit (ITC) towards the payment of taxes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In exercise of the above power rule, 88A was inserted in the Central Goods and Services Tax Rules, 2017 vide notification No. 16\/2019- Central Tax, dated 29th March 2019.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the Rule.88A in the Central Goods and Services Tax Rules, 2017, the input tax credit (ITC) of Integrated Goods and Services Tax (IGST) shall be allowed to utilize towards the payment of Central tax and State tax, or as the case may be, Union territory tax, in any order subject to the condition that the entire <a href=\"https:\/\/aktassociates.com\/blog\/input-tax-credit-itc\/\">Input tax credit (ITC)<\/a> in respect of Integrated Goods and Services tax is completely or fully exhausted\/utilized first before the input tax credit on account of Central tax or State \/ Union territory tax can be utilized.<\/span><\/p>\n<p><strong>As per Rule.88A the order of Utilization shall be as follows<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td colspan=\"3\"><span style=\"font-weight: 400;\">OUTPUT TAX<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Available\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Input Tax Credit (ITC)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">IGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">CGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">SGST\/UTGST<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">(1)<\/span><\/td>\n<td colspan=\"2\"><span style=\"font-weight: 400;\">(2) in any order and in any proportion<\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><span style=\"font-weight: 400;\">(3) Input Tax Credit of IGST is to be exhausted completely (mandatory)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">CGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">(5)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">(4)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not Permitted<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">SGST\/UTGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">(7)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not Permitted<\/span><\/td>\n<td><span style=\"font-weight: 400;\">(6)<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Illustration_for_ITC_utilization_under_Rule88A\"><\/span><strong>Illustration for ITC utilization under Rule.88A<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">Particulars<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Output Tax\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">ITC<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2300<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">CGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1000<\/span><\/td>\n<td><span style=\"font-weight: 400;\"> 900<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">SGST\/UTGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1000<\/span><\/td>\n<td><span style=\"font-weight: 400;\"> 900<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Total<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4100<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><a href=\"https:\/\/aktassociates.com\/business-registrations\/tax-registration\/online-gst-registration\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2070\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/09\/gst-registration-1.png\" alt=\"gst registration\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/09\/gst-registration-1.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/09\/gst-registration-1-300x64.png 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/09\/gst-registration-1-20x4.png 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"The_procedure_of_ITC_Utilization_shall_be_illustrated_below_under_two_options\"><\/span><strong>The procedure of ITC Utilization shall be illustrated below under two options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"Option-1\"><\/span><strong>Option-1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td colspan=\"3\"><span style=\"font-weight: 400;\">OUTPUT TAX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Balance<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Available\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Input Tax Credit (ITC)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">IGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">CGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">SGST\/UTGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Balance of ITC<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">200<\/span><\/td>\n<td><span style=\"font-weight: 400;\">100<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NIL<\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\"><span style=\"font-weight: 400;\"> Input Tax Credit of IGST has been exhausted completely.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">CGST<\/span><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">800<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not Permitted<\/span><\/td>\n<td><span style=\"font-weight: 400;\">100<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">SGST\/UTGST<\/span><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Not Permitted<\/span><\/td>\n<td><span style=\"font-weight: 400;\">900<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NIL<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">TOTAL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">100<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4><span class=\"ez-toc-section\" id=\"Option-2\"><\/span><strong>Option-2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td colspan=\"3\"><span style=\"font-weight: 400;\">OUTPUT TAX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Balance<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Available\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Input Tax Credit (ITC)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">IGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">CGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">SGST\/UTGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Balance of ITC<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IGST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">100<\/span><\/td>\n<td><span style=\"font-weight: 400;\">200<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NIL<\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\"><span style=\"font-weight: 400;\"> Input Tax Credit of IGST has been exhausted completely.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">CGST<\/span><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">900<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not Permitted<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NIL<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">SGST\/UTGST<\/span><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Not Permitted<\/span><\/td>\n<td><span style=\"font-weight: 400;\">800<\/span><\/td>\n<td><span style=\"font-weight: 400;\">100<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">TOTAL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">100<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As per the notification no.16\/2019 dated 29.03.2019, a new rule 88A has been introduced into the CGST rules describing the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"New Rules for ITC Utilisation\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/new-rules-for-itc-utilisation\/#more-1990\">Read more<span class=\"screen-reader-text\">New Rules for ITC Utilisation<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":1998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Rules for Input Tax Credit (ITC) Utilisation AKT Associates<\/title>\n<meta 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