order of offset of input
This query is : Resolved
23 August 2017
suppose a firm has input in igst, cgst, and sgst of say rs 50000 each. total input 150000. Now output gst liability is in cgst and sgst, no interstate sales. so how input will be offset, first cgst will cover cgst and sgst will meet liability of sgst, and if remaining liability continue then igst will be utilized. Please say
23 August 2017
CGST credit can be utilized for payment of CGST 1st and then IGST.
SGST credit can be utilized for payment of SGST 1st and then IGST.
IGST credit can be utilized for IGST 1st, then CGST AND SGST.
SGST credit can be utilized for payment of SGST 1st and then IGST.
IGST credit can be utilized for IGST 1st, then CGST AND SGST.
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