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Please help on new gst set off rule

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This query is : Resolved

CA Dipak Dama (Querist)

18 May 2019 Dear Sir,

We have following position of tax credit and out put tax liability, can you please help how we have to discharge our tax liability

Out put tax liability

IGS = 5000/- , CGST 250/- SGST = 250/-

Input tax credit avaibale : IGST = 500 /- , CGST =1 500/- and SGST = 1500/-

We request expert to give openin on this

whether we have to pay IGST = 1850/- , CGST = 250/- and SGST 250/- orr

igst of Rs. 2350/-

Thanks in advance

AS we are unable to find output tax liability discharge sequence . .

RAJA P M

RAJA P M (Expert)

19 May 2019 You have to pay Rs. 2000

CA Anita Bhadra

CA Anita Bhadra (Expert)

19 May 2019
input Available - 500 ( IGST ) 1500 ( CGST ) 1500 (SGST)

First Utilise output Liability from respected heads 500/250/250

Balance available -4500 ( IGST) 1250 (CGST) 1250 (SGST)
Now utilise 1250+1250 = 2500 ( CGST+SGST ) for IGST Liabilty

Net IGST to be paid (4500-2500) = Rs 2000

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