Sgst credit
This query is : Open
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??
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
(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
(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
(Expert)
10 October 2017
As I said, this is the only way to set off Mr vishal patil maharashtra sgst.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
