Input Tax Credit can be of the following types:
If the tax paid on the purchase of inputs, capital goods, and input services from another State (Inter-State)
If tax paid on purchase of inputs, capital goods and input services from the same State (Intra-State)
Input Tax Credit can be calculated from the following sources:
Input Tax Credit of IGST should be claimed first against Output IGST, the balance can then be claimed against Output CGST and then against Output SGST.
Input Tax Credit of CGST should be claimed first against Output CGST and then against Output IGST. It cannot be used for paying Output SGST.
Input Tax Credit of SGST shall be claimed first against Output SGST and then against Output IGST. It cannot be used for paying Output CGST.
To claim the Input Tax Credit the buyer should pay the supplier within 180 days from the date of issue of the invoice. Input Tax Credit calculated cannot be claimed: