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Igst amount adjusted


29 July 2017 my Question i Purchase the goods from IGST. the tax amount of goods i taken as input IGST After my selling the goods the output tax amount will be calculated or not.

For Example :
Purchase Taxable value : 1,00,000
IGST @ 28% : 28000
Net : 1,28,000

if i sales in with in State Taxable value : 2,00,000
CGST @ 14% : 28,000
SGST @ 14% : 28,000
Net : 2 56,000

if i will club the tax amount
input IGST (28000)
Output SGST 28000
Output CGST 28000
Net Tax Paid 28000
Please clear my quary.

29 July 2017 You can set off IGST from IGST first then from CGST & Then SGST.

29 July 2017 Here IGST adjusted from CGST only & you have to pay Rs.28000/- for SGST only.






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