Sgst credit

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Vishal Patil (Querist)

10 October 2017 sir can i use Gujarat SGST for payment of up Maharashtra SGST??

Actually my question is that sir I m valuer of real estate and i provide valuation services to bank/FI regarding property so in that case suppose property location is Gujarat and service reciver (bank) located in Maharashtra in that I have to pay gst 18% (9% cgst and 9%sgst) so in such can Maharashtra bank eligible to take credit if yes which credit sgst or cgst or both??

Dr. ShamsheerKhan

Dr. ShamsheerKhan (Expert)

10 October 2017 No way......... You can't...... If you transfer your goods/services to your own maharashtra branch by raising interstate invoice then you can use your Gujarat sgst to set off Gujarat GSTIN igst which is ITC to maharashtra GSTIN as IGST and with this IGST ITC you can set off your maharashtra's sgst as well as cgst.

anshul aggarwal

anshul aggarwal (Expert)

10 October 2017 but why do you need such an adjustment. can you please give an example of above. we are only liable to pay SGST of our own state. why would other state liability arise.

Dr. ShamsheerKhan

Dr. ShamsheerKhan (Expert)

10 October 2017 As I said, this is the only way to set off Mr vishal patil maharashtra sgst.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

31 October 2026 Property valuation is a service directly in relation to immovable property, so place of supply is the property's location (Sec 12(3) IGST Act): property in Maharashtra means an inter-state supply on which you charge IGST that the bank can claim, while property in Gujarat means Gujarat CGST+SGST, which the bank can use only if billed to its Gujarat GSTIN; one state's SGST can never be set off against another state's.

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