Rule 88A. Order of utilization of input tax credit.-
Input tax credit on account of integrated tax shall
first be utilised towards payment of integrated tax, and the amount remaining,
if any, may be utilised towards the payment of central tax and State tax or
Union territory tax, as the case may be, in any order:
Provided that the input tax credit on account of
central tax, State tax or Union territory tax shall be utilised towards payment
of integrated tax, central tax, State tax or Union territory tax, as the case
may be, only after the input tax credit available on account of integrated tax
has first been utilised fully.
