Adjustment of IGST Input credit
NAGARAJ KANDLUR (B.Com) (23 Points)
22 January 2020Can we adjust excess IGST input credit to CGST & SGST payable.
With Regards,
Nagaraj A
Contact @ 9964366803
NAGARAJ KANDLUR (B.Com) (23 Points)
22 January 2020
sabyasachi mukherjee
(25979 Points)
Replied 22 January 2020
Sivaramaraju G
(Learner)
(2398 Points)
Replied 22 January 2020
PrabuSubramanianThangavelpilai
(CA Article Assistant)
(132 Points)
Replied 22 January 2020
The excess IGST input after adjusting IGST payable can be adjusted towards CGST/SGST at any order. And you should IGST input exhaust before utilizing CGST and SGST inputs. Refer Sec 49A, 49B, 88A & Circular No: 98/17/2019 dated 23 April 2019.
NAGARAJ KANDLUR
(B.Com)
(23 Points)
Replied 22 January 2020
PrabuSubramanianThangavelpilai
(CA Article Assistant)
(132 Points)
Replied 24 January 2020
It can be adjusted in any order or proportion, 500 completely towards CGST / SGST (or) 250 CGST and 250 SGST and in any proportion.
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