IGST SET OFF

This query is : Resolved 
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This discussion explains how to set off an IGST liability of Rs. 70,000 when you have Rs. 50,000 in CGST input tax credit and Rs. 50,000 in SGST input tax credit. The recommended approach is to first fully utilise the CGST input tax credit. The remaining Rs. 20,000 of the IGST liability can then be offset using the SGST input tax credit.

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(Querist)
05 January 2023 If We Have Input CGST of Rs. 50,000 and Input SGST of Rs.50000
and Output IGST of Rs.70000
then How it can be set off ??
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
06 January 2023 You can set it off equally
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Udaya Chandran

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Udaya Chandran (Expert)
10 January 2023 First, utilise the ITC of CGST of Rs.50000 fully and for the remaining Rs.20000, utilise ITC of SGST.
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