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Eligibility and conditions for taking input tax credit with Protocol and Example to avail and utilise the Input tax credit

The protocol to avail and utilise the Input tax credit of these taxes is as follows: Credit of (CGST/SGST/UTGST/IGST) To be utilised first for payment of flowing May be utilised further for payment of flowing CGST CGST IGST SGST/UTGST SGST/UTGST IGST IGST IGST CGST, then SGST/UTGST Note:- Credit of CGST cannot be used for payment […]