Igst cgst sgst
This query is : Resolved
TARIQUE RIZVI
(Querist)
16 October 2017
Total IGST Liability
Less Total Input (IGST+CGST+SGST
============================
Balance IGST Liability
===================
Whether working is correct ?
Less Total Input (IGST+CGST+SGST
============================
Balance IGST Liability
===================
Whether working is correct ?
16 October 2017
Yes... You are correct.....
Liability IGST = IGST (fully) - CGST (Fully) - SGST then Pay balance IGST.
But, Any other liabilities on CGST & SGST then you ll be adjust first the same head...
Liability IGST = IGST (fully) - CGST (Fully) - SGST then Pay balance IGST.
But, Any other liabilities on CGST & SGST then you ll be adjust first the same head...
TARIQUE RIZVI
(Querist)
16 October 2017
Lot of thanks to you sir for your quick reply
31 October 2026
Under current Sec 49A and Rule 88A, IGST credit must first be fully used (against IGST, then against CGST/SGST in any order) before any CGST or SGST credit is used; only then can CGST/SGST credit pay the balance IGST, and CGST credit can never pay SGST or vice versa.
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