Output & Input adjustment

This query is : Resolved

Rakesh Sharma (Querist)
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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

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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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

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Rakesh Sharma

Rakesh Sharma (Querist)
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22 October 2019 Thanx a lot Dileep Sir.