SET OFF IGST LIABILTY TRHROUGH ITC CREDIT IN CGST & SGST

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This discussion clarifies how to offset IGST liability using Input Tax Credit (ITC) available in CGST and SGST accounts. While generally, taxpayers can choose the order of CGST or SGST credit utilisation after IGST credit, the portal may require CGST credit to be fully utilised first before using SGST for IGST payments.

SHAMNHU NATH TRIVEDI

SHAMNHU NATH TRIVEDI (Querist)
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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

CA R SEETHARAMAN (Expert)
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01 June 2022 Yes.
To pay IGST – First IGST credit will be used followed by CGST or SGST as per the taxpayer's preference.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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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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