SET OFF IGST LIABILTY TRHROUGH ITC CREDIT IN CGST & SGST
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SHAMNHU NATH TRIVEDI
(Querist)
01 June 2022
If My Client has to adjust IGST LIABILTIY AND HAVE ITC IN CGST & SGST ACCOUNT CAN IGST LIABILTY MAY BE ADJUSTED THROUGH CGST & SGST ITC CREDIT
CA R SEETHARAMAN
(Expert)
01 June 2022
Yes.
To pay IGST – First IGST credit will be used followed by CGST or SGST as per the taxpayer's preference.
To pay IGST – First IGST credit will be used followed by CGST or SGST as per the taxpayer's preference.
CA Rashmi Gandhi
(Expert)
02 June 2022
Agreed with R Seetharaman Sir, but as per portal CGST will be required to fully used for paying IGST, thereafter only you can use SGST credit
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