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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
