GST Set Off Rules: GST set off rules tell us that how to utilise input tax credit for payment of output IGST, output CGST and output SGST
Old GST Set Off Rules- up to 01.02.2019
The following sequences were required to be maintained up to 01.02.2019
| IGST LIABILITY | CGST LIABILITY | SGST LIABILITY |
| IGST CREDIT | CGST CREDIT | SGST CREDIT |
| CGST OR SGST CREDIT | IGST CREDIT | IGST CREDIT |
As per new amended CGST Law: w.e.f 01.02.2019: As per new GST Set off Rules, IGST Input Tax Credit should be first utilised for payment of IGST Output Tax liability, then remaining IGST ITC can be used for either CGST or SGST/UTGST in any order or any proportionate amount.
There are following sequences which need to be maintained-
| IGST LIABILITY | IGST LIABILITY | IGST LIABILITY |
| IGST CREDIT | IGST CREDIT | IGST CREDIT |
| CGST CREDIT | CGST CREDIT | SGST CREDIT |
| SGST CREDIT |
