Adjustment of igst through cgst and sgst.possible?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2017
Dear Experts
My query is that can we pay liability of IGST through ITC of CGST and SGST?
Plz answer
Thanks in advance
With regards
My query is that can we pay liability of IGST through ITC of CGST and SGST?
Plz answer
Thanks in advance
With regards
27 August 2017
Yes you can.
A. The Input Tax Credit under of CGST shall be:
1) first utilized towards the payment of output CGST
2) then towards the payment of output IGST
3) CGST can’t be used to adjust SGST Liability.
B. The Input Tax Credit under of SGST shall be:
1) first utilized towards the payment of output SGST
2) then towards the payment of output IGST
3) SGST can’t be used to adjust CGST Liability.
C. The Input Tax Credit under of IGST shall be:
1) first utilized towards the payment of output IGST
2) then towards the payment of output CGST
3) then towards the payment of output SGST
A. The Input Tax Credit under of CGST shall be:
1) first utilized towards the payment of output CGST
2) then towards the payment of output IGST
3) CGST can’t be used to adjust SGST Liability.
B. The Input Tax Credit under of SGST shall be:
1) first utilized towards the payment of output SGST
2) then towards the payment of output IGST
3) SGST can’t be used to adjust CGST Liability.
C. The Input Tax Credit under of IGST shall be:
1) first utilized towards the payment of output IGST
2) then towards the payment of output CGST
3) then towards the payment of output SGST
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