Igst credit related
This query is : Open
15 July 2017
DEAR SIR/MADAM,
CAN I USE TAX CREDIT OF IGST FOR LOCAL SALES? BECAUSE I HAD ZERO CREDIT IN SGST AND CGST AND NOW I HAD TO MADE LOCAL SALES.
CAN I USE TAX CREDIT OF IGST FOR LOCAL SALES? BECAUSE I HAD ZERO CREDIT IN SGST AND CGST AND NOW I HAD TO MADE LOCAL SALES.
15 July 2017
Yes You can take input IGS as per your sales.
If your ITC (IGST) = Rs. 10000 (Tax Value)
Your local sales Is Rs. 5000 (Tax vaue) = You can Less
CGST = Rs. 2500 & SGST = Rs. 2500
Balance IGST = Rs. 5000
If your ITC (IGST) = Rs. 10000 (Tax Value)
Your local sales Is Rs. 5000 (Tax vaue) = You can Less
CGST = Rs. 2500 & SGST = Rs. 2500
Balance IGST = Rs. 5000
17 July 2017
thank you sir for reply of my query.
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