Menu
Can not setoff of ITC
Opening credits of IGST₹43172 &CGST and SGST ₹ 17284 each.InbFebruary 2019 Eligible ITC of IGST₹ 36578 & CGST and SGST ₹82456 each.OUTput CGST& SGST ₹ 58732 each.How can set off the liability for the month of February 2019.Please give detailed information.
Replies (1)
as per the amendment You have to fully utilise IGST credits and then utilise CGST & SGST.
However,the same has not been enabled yet on portal.
Portal will even now adjust CGST credit against CGST Tax 1st as it is happening since date of inception of GST.
Hope, it clarifies your query
However,the same has not been enabled yet on portal.
Portal will even now adjust CGST credit against CGST Tax 1st as it is happening since date of inception of GST.
Hope, it clarifies your query
Recent Topic
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
Related Topics
CAclubindia
