CGST and SGST input adjust with IGST output

ITC / Input 11414 views 7 replies

Ajay C

25 Points Joined April 2017

can we adjust cgst and sgst input adjust with igst output or Vis-versa

Replies (7)

JAYA SHARMA

ACA B.Com(H)

36 Points Joined April 2016

Hi,

Tax Credit of CGST, SGST & UTGST can be used for the payment of IGST . However, CGST can not be used for payment of SGST / UTGST and vice versa.

Tax Credit of IGST can be used for the payment of IGST. If any credit is left then it can be used for payment of CGST first and then for the payment of SGST/UTGST

Prity Agarwal

CHARTERED ACCOUNTANT

363 Points Joined March 2017

Tax credit of IGST can be used first for liability of IGST and if their is any left over credit then for CGST and then SGST.

Studentsca

CA Practice

3577 Points Joined September 2012

CGST WILL BE FIRST ADJUSTED AGAINST CGST & THEN IF ANY BALANCE LEFT IT WOULD BE ADJUSTED AGAINST IGST. SIMILAR ADJUSTMENT IN CASE OF SGST WITH IGST. IGST WILL BE SET OFF AGAINST IGST THEN CGST THEN SGST.

Ajay C

25 Points Joined April 2017

thanks to all

Sahajat Panda

Executive

24 Points Joined February 2015

# Prity Agarwal :- If mistakely Challan is created for CGST & IGST (Instead of CGST & SGST) in case of a State Dealer...can the Balance shown in IGST in cash ledger be adjusted to CGST & SGST at time of Return???? Pls. reply urgently !!!

Sahajat Panda

Executive

24 Points Joined February 2015

Hi Jaya,

If mistakely Challan is created for CGST & IGST ( State Delaer CGST & SGST applicable), can the amount in IGST of Cash ledger be adjusted against SGST payable at time of return???? as CGST has been correctly paid..

Kindly provide your suggestion as mistakely heavy value i have paid for CGST & IGST rather than going for CGST & SGST..!!!

Siddharth Goel

Chartered Accountant

3031 Points Joined June 2016

Hi,

The rule of availing and set off of credit of IGST is that the Tax Credit of IGST can be used for the payment of IGST. If any credit is left then it can be used for payment of CGST first and then for the payment of SGST/UTGST.

So, if you have no IGST and CGST payable, you can indeed use the IGST for payment of SGST.