whispers in the corridors
Input Tax Credit (ITC) Set-Off Amendments
CBIC clarified ITC rules. IGST credit must be utilised first, followed by CGST/SGST (no cross-utilisation between CGST/SGST). Table 6 in GSTR-9 now allows disclosure of prior-year ITC availed in the current year to avoid mismatches. Effective for FY 2025-26 filings.
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