We Have Credit Ledger Balances
CGST 527968
SGST 527968
In the month of April 21 Outward Supplies
OUTPUT SGST 206592
OUTPUT CGST 206592
Inward Supplies
IGST 15390
SGST 259948
CGST 259948
How to adjust the same so there is no difference in the Credit Ledger Balances
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Adjust of IGST
Replies (8)
Input IGST- 15390 adjust
CGST - 7695,SGST - 7695 payment
CGST - 7695,SGST - 7695 payment
Agree
First you have to exhaust IGST ITC then only you can use CGST and SGST ITC
Agree
IGST shall be utilised first then CGST and SGST shall be utilised
First set off IGST input with CGST then with SGST. Or with SGST then with CGST.
there is no particular rule to set off.
there is no particular rule to set off.
Agree
Thanks to everyone
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