igst settoff from cgst
This query is : Resolved
chetan saini
(Querist)
25 August 2017
dear sir
can i igst settoff from cgst input
plz give me right suggestion
thanks
Amol S Joglekar
(Expert)
25 August 2017
yes, you can get it. No issues.
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
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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