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igst settoff from cgst

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chetan saini

chetan saini (Querist)
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25 August 2017 dear sir can i igst settoff from cgst input plz give me right suggestion thanks

Amol S Joglekar

Amol S Joglekar (Expert)
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25 August 2017 yes, you can get it. No issues.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 August 2017 A. The Input Tax Credit under of CGST shall be:

1) first utilized towards the payment of output CGST
2) then towards the payment of output IGST
3) CGST can’t be used to adjust SGST Liability.

B. The Input Tax Credit under of SGST shall be:

1) first utilized towards the payment of output SGST
2) then towards the payment of output IGST
3) SGST can’t be used to adjust CGST Liability.

C. The Input Tax Credit under of IGST shall be:

1) first utilized towards the payment of output IGST
2) then towards the payment of output CGST
3) then towards the payment of output SGST

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