The Calcutta High Court in the case of M/s. Cosyn Limited v. Assistant Commissioner of State Tax held that there is no need to reverse the IGST credit when it is used for payment of CGST and SGST. The petitioner had availed IGST credit in February 2018 and utilized it for payment of SGST in subsequent months. An Assessment Order was passed against this, contending that the IGST should have been transferred to the respective state.
Source A2ztaxcorp
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