Yes, your eligible ITC consists of all these components. The ITC corresponding to each tax type is used to pay off the liabilities of the same tax in a specified manner.
Following is the manner of ITC utilization corresponding to the tax types:
Input credit of | Utilize for the payment of (Priority 1) | Utilize for the payment of (Priority 2) |
---|---|---|
CGST | CGST | IGST |
SGST or UTGST | SGST/UTGST | IGST |
IGST | IGST | First utilized for CGST the. SGST or UTGST |