1st time gst payer/file

194 views
User Avatar

1 Points Posted on 03 January 2021
How do i pay for IGST. This is my first time doing it. I'm a intrastate buyer.
0 Reply Share Follow
On 03 January 2021 at 23:15 Report
Replies (2)
Quick Summary
This discussion addresses a first-time GST payer's query about paying IGST as an intrastate buyer. It clarifies that IGST output can be offset by available CGST and SGST input tax credits after accounting for CGST and SGST output liabilities. Reference is made to Section 49A of the CGST (Amendment) Act 2018 for further details on this set-off mechanism.

User Avatar

STUDENT
1631 Points Posted on 03 January 2021
Whats the purpose?
Reply
On 03 January 2021 at 23:34
User Avatar

Accountant
85 Points Posted on 04 January 2021
As you don't have IGST input you can setoff IGST OUTPUT by balance CGST INPUT AND SGST INPUT after setoff of CGST OUTPUT and SGST OUTPUT. REFER 49A of CGST ( Amendment ) Act 2018
Reply
On 04 January 2021 at 00:10

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Gross total income
  2. Export Compliance
  3. Sale of plots in open land
  4. Income tax query
  5. Best CA Inter coaching in laxmi nagar
  6. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  7. Unregistered Association of Persons (AOP) Agreemen
  8. Intimation u/s 245 of income tax act
  9. Ewaybill query
  10. IDS Refund: GSTR-2B Invoice Not Validated in State

More recent discussions | Post

Related Topics :

Loading