Output & Input adjustment
This query is : Resolved
Rakesh Sharma
(Querist)
21 October 2019
Respected Experts,
We have output liability : IGST 50,000 CGST 15,000 SGST 15,000
ITC : IGST 35,000 CGST 12,000 SGST 12,000
Please guide how to adjust the GST in above scenario.
Regards,
Rakesh Sharma
We have output liability : IGST 50,000 CGST 15,000 SGST 15,000
ITC : IGST 35,000 CGST 12,000 SGST 12,000
Please guide how to adjust the GST in above scenario.
Regards,
Rakesh Sharma
21 October 2019
Adjust
IGST liabitity with IGST credit 50K -35 K = 15 K Cash
CGST with CGST Credit 15K-12K = 3 K cash
SGST with SGST Credit 15K-12K = 3 K cash
IGST liabitity with IGST credit 50K -35 K = 15 K Cash
CGST with CGST Credit 15K-12K = 3 K cash
SGST with SGST Credit 15K-12K = 3 K cash
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Rakesh Sharma
(Querist)
22 October 2019
Thanx a lot Dileep Sir.
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