alleryStart learning →After IGST credit pays IGST, the leftover goes to central tax and then to?
ACompensation cess
BState or UT tax
CNothing, it lapses
DIntegrated tax again
Answer & Solution
Correct answer: B. State or UT tax
The residual IGST credit is applied to central tax first and then to State tax or Union territory tax, in that order.
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Related questions
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