Adjustment of output igst & output cgst with input sgst
This query is : Resolved
ASHISH KUMAR RAY
(Querist)
10 June 2017
Balance in Input SGST Rs.600/-
Output IGST Payable Rs.400/-
Output CGST Payable Rs.100/-
Output SGST Payable Rs.300/-
How the amount of Input IGST will be utilized for the payment of Output IGST,CGST & SGST
Output IGST Payable Rs.400/-
Output CGST Payable Rs.100/-
Output SGST Payable Rs.300/-
How the amount of Input IGST will be utilized for the payment of Output IGST,CGST & SGST
Sagar Doshi
(Expert)
10 June 2017
Dear Ashish,
I understand that in given case you type SGST Input credit as INR 600 which is typo error. I assume it to be IGST input Credit INR 600. With this understanding, IGST ITC of INR 600 will be use to pay IGST of INR 400, CGST of INR 100 and SGST INR 100.
So SGST Payable of INR 200
I understand that in given case you type SGST Input credit as INR 600 which is typo error. I assume it to be IGST input Credit INR 600. With this understanding, IGST ITC of INR 600 will be use to pay IGST of INR 400, CGST of INR 100 and SGST INR 100.
So SGST Payable of INR 200
ASHISH KUMAR RAY
(Querist)
11 June 2017
Sir,
I just want to know the answer of the above question .
Rgds,
Ashish Ray
I just want to know the answer of the above question .
Rgds,
Ashish Ray
Sagar Doshi
(Expert)
11 June 2017
Hi Ashish,
Request you to refer my above reply, I address your question. I just added one understanding of your question. If have any further query then request to re frame it
Thank you
Request you to refer my above reply, I address your question. I just added one understanding of your question. If have any further query then request to re frame it
Thank you
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Closer of business and itc of capital goods
- RCM and same line
- Movement of goods by packers and movers - type of sale - Reg.
- Appointment of Auditor By Form ADT-1
- Rectification under processing even after 6 months cpc portal
- ARCA LOGIN
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
