Business Standard

GST rule change to aid businesses with better cash flow management

Taxpayer can pay SGST using IGST credit before using the latter to set off CGST liability


Abhishek Waghmare New Delhi
Reversing its February notification, the central board of indirect taxes and customs (CBIC) has provided a relief to businesses in terms of using credit in the goods and services tax (GST) system towards tax payment. This will aid businesses with better cash flow management. 

“Input tax credit on account of Integrated tax (IGST) shall first be utilised towards payment of integrated tax, and the amount remaining, if any, may be utilised towards the payment of central tax (CGST) and State tax (SGST) or Union territory tax (UTGST), as the case may be, in any order,” the notification said. 

Abhishek Jain, tax partner

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 30 2019 | 7:53 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to