Related with gst
This query is : Resolved
21 September 2017
IGST Payable Balance is Rs 100
ITC available with SGST is Rs 200
Can we pay the IGST liability by the SGST ?
ITC available with SGST is Rs 200
Can we pay the IGST liability by the SGST ?
21 September 2017
Yes you can.
A. The Input Tax Credit under of CGST shall be:
1) first utilized towards the payment of output CGST
2) then towards the payment of output IGST
3) CGST can’t be used to adjust SGST Liability.
B. The Input Tax Credit under of SGST shall be:
1) first utilized towards the payment of output SGST
2) then towards the payment of output IGST
3) SGST can’t be used to adjust CGST Liability.
C. The Input Tax Credit under of IGST shall be:
1) first utilized towards the payment of output IGST
2) then towards the payment of output CGST
3) then towards the payment of output SGST
A. The Input Tax Credit under of CGST shall be:
1) first utilized towards the payment of output CGST
2) then towards the payment of output IGST
3) CGST can’t be used to adjust SGST Liability.
B. The Input Tax Credit under of SGST shall be:
1) first utilized towards the payment of output SGST
2) then towards the payment of output IGST
3) SGST can’t be used to adjust CGST Liability.
C. The Input Tax Credit under of IGST shall be:
1) first utilized towards the payment of output IGST
2) then towards the payment of output CGST
3) then towards the payment of output SGST
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