INTERHEAD ADJUSTMENT OF INPUT TAX CREDIT IN GST
This query is : Open
mitesh shah
(Querist)
17 May 2022
IS IT MANDATORY TO TO USE INPUT TAX CREDIT OF CGST FIRST AND THAN SUBSEQUENTLY SGST WHEN THERE ARE IGST PAYABLE AND THERE ARE EXCESS INPUT TAX CREDIT OF BOTH CGST AND SGST.
CAN SGST AND CGST INPUT TAX CREDIT USED IN EQUAL PROPORTION WHEN IGST TO BE PAID?[WHEN IGST HAVE LIABILITY AND CGST AND SGST HAVE EXCESS BALANCE]
CAN SGST AND CGST INPUT TAX CREDIT USED IN EQUAL PROPORTION WHEN IGST TO BE PAID?[WHEN IGST HAVE LIABILITY AND CGST AND SGST HAVE EXCESS BALANCE]
CA Rashmi Gandhi
(Expert)
17 May 2022
Allowed but portal is not allowing us to use SGST until full CGST exhausted.
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