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New Sett Off rule under GST

This query is : Resolved 
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(Querist)
22 May 2021 IGST CGST SGST
OUTWARD TAX 3300000 600000 600000
INWARD 1000000 1400000 1400000

HOW SET WILL BE DONE IN THIS CASE?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 May 2021 For IGST Output – First set off thru ITC of IGST, then CGST & then SGST. (10 lacs+8 lacs(balance CGST)+ 8 lacs(balance SGST). Pay balance 5 lacs IGST in cash.
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seeta

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seeta (Querist)
22 May 2021 Sir,
How 5 Lakh comes
Please clarify me
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 May 2021 It's 7 lacs payable.
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seeta

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seeta (Querist)
22 May 2021 Its means that if you have credit in SGST Credit Ledger than you can utilized in Set Off of IGST Liability when CGST Credit is NIl
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 May 2021 Yes you are right..........
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seeta

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seeta (Querist)
12 June 2021 Sir, I have credit of SGST and my IGST & CGST Liability set off from their head.
what should i do to utilized the credit of SGST.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 June 2021 Carry over and utilise it in future no time limit.
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