How to avail itc

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abhishek vats (Querist)

30 April 2019 what is my gst liability according to new rule.
output-igst(21476),cgst(6188),sgst(6188)
input-igst(1000),cgst(14332),sgst(14332)

CA Anita Bhadra

CA Anita Bhadra (Expert)

30 April 2019 In my view - It will be 2094/- CGST & 2094/- SGST

First you will utilise 1000 IGST against input of IGST
Balance output liability of Rs 20476/- will be utilised from availiable CGST & SGST in equal proportion ( As per new Rule , it can be any order & any proportion)
Since CGST & SGST can not be mutually utilized , it is advisable to use it in equal proportion .

Now use available CGST & SGST for setting of Output liability of CGST & SGST ie 6188/- each

Balance 2094/- each will be GST liability to be paid

abhishek vats

abhishek vats (Querist)

02 May 2019 Madam...u have to use cgst input with firstly cgst output and then igst output. section 49A (new section) is for igst and not for otrher output .....once igst input used ...the old criteria will be followed....and igst will be payable 4188

CA Anita Bhadra

CA Anita Bhadra (Expert)

02 May 2019 Yes ,
First , I also thought in this direction .

After consulting with other experts , it is emerged that IGST has to be exhaust first .( Though nobody is sure neither there is any clarity given in notifications )

The logic behind exhausting IGST first is that , Government want to finish IGST first & then only deal with CGST & SGST

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