IGST and CGST adjustment
This query is : Resolved
Quick Summary
08 May 2024
Hi Sir,
Scenario is We have more IGST sales and purchases are mostly from CGST and SGST. so since IGST is more, we have to pay it even when there is credit available. how does this aspect works. Also if most of the sales billing is IGST then how the credit will be utlised?
Scenario is We have more IGST sales and purchases are mostly from CGST and SGST. so since IGST is more, we have to pay it even when there is credit available. how does this aspect works. Also if most of the sales billing is IGST then how the credit will be utlised?
09 May 2024
Please refer to offset rules
CGST can be used against CGST and IGST
SGST can be used against SGST and IGST
The system allows to change the proportion in which you want to utilize CGST and SGST against IGST
CGST can be used against CGST and IGST
SGST can be used against SGST and IGST
The system allows to change the proportion in which you want to utilize CGST and SGST against IGST
09 May 2024
Credit of both CGST and SGST can be used for payment of output of IGST.
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