വ്യത്യസ്‌ത ബിസിനസ്സ് വെർട്ടിക്കിളിൽ ജിഎസ്ടി

⚖️ Difference Between IGST Credit Reversal and CGST/SGST Credit Reversal 🧾 1. Nature of Credits Type of Credit When It Arises Utilization Priority IGST ITC On inter-State purchase, imports, or SEZ supplies First for IGST, then CGST, then SGST/UTGST CGST ITC On intra-State purchases (Central portion) First for CGST, then IGST SGST/UTGST ITC On intra-State purchases (State portion) First for SGST, then IGST So when you reverse ITC , you must reverse it from the correct ledger — IGST, CGST, or SGST — depending on where it was originally credited. 🧮 2. When Reversal Is Required Reversal can happen under multiple rules. Here’s how IGST vs. CGST/SGST behave in each: Rule / Section Situation Which ITC to Reverse Rule 37 Non-payment to supplier within 180 days Reverse the same head as originally availed — IGST if inter-State, CGST+SGST if intra-State Rule 42 / 43 Common input services partly for exempt supplies or personal use Reverse propo...