Setoffs
This query is : Resolved
sampajis@gmail.com
(Querist)
15 May 2017
say Sgst 12% and cgst 14% on 1100000
IGST input available 273000
sgst collections 132000 and cgst collected 154000
pls compute sgst and cgst payable
how to bifurcate 273000 input to sg and cgst ? any formulas ?
or can i adjust first towards cgst of 1.54 and remaining input Rs 119000 towards sgat ? if it is correct finally I hv to pay sgst Rs 13000( 132000- (273000-154000 fully adjusted towards cgst)=119000))
Guest
Guest
(Expert)
16 May 2017
Yes.The above calculation is correct.
Kindly to the below link for explanation on utilization of credit
https://youtu.be/4qAqunJhw3A
Kindly to the below link for explanation on utilization of credit
https://youtu.be/4qAqunJhw3A
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