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How to adjust input credit?

04 November 2017

I have IGST payable of Rs.20k and Input credit in SGST- Rs.40k and CGST Rs.40k. How should I adjust IGST payable from input credit available in both of these?

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6 Replies

nirmala (accounts manager) (57 Points)
Replied 04 November 2017

you have to adjust IGST(20000) against CGST(20000)

Harsh Maini (CA Harsh Maini) (50 Points)
Replied 04 November 2017

After submitting GST3 B at the time of Set Off you will get the option to adjust CGST input against IGST Liability. After CGST is utilized you can utilize SGST for balance IGST Liability.

RAJA P M ("Do the Right Thing...!!!") (127453 Points)
Replied 04 November 2017

Dear Ankush KUMAR & Hi guys.,
Sorry to say Differed....

You offset the IGST Liability to CGST only...

RAJA P M ("Do the Right Thing...!!!") (127453 Points)
Replied 04 November 2017

Dear Ankush KUMAR & Hi guys.,
Sorry to say Differed....

You offset the IGST Liability to CGST only..

IGST 20k to adjust CGST 20k.
Balance CGST 20k and SGST 40k....

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