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
Priyesh Jobanputra
(Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST input credit on commercial property
- Nursery business
- GSTR-9C filing
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- Capital gains in IT returns
- Form 144 TDS Return Validation Error – Mandatory Fields
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
