Manner of utilisation of ITC of IGST
CA Surbhi (CA Practice ) (28 Points)
07 March 2022
Saurabh Dubey
(Accountant)
(68 Points)
Replied 07 March 2022
Eswar Reddy S
(CFO- at NHTF)
(58219 Points)
Replied 07 March 2022
Pratick Datta
(53 Points)
Replied 07 March 2022
Eswar Reddy S
(CFO- at NHTF)
(58219 Points)
Replied 07 March 2022
Imthias ahamed Kormath
(910 Points)
Replied 08 March 2022
CA Puja Sharma
(Chartered Accountant)
(4905 Points)
Replied 08 March 2022
Yes, IGST ITC have to be 1st exhausted.
1st utilise your IGST ITC with IGST output
Then, set off the IGST ITC with CGST output and
Now set off the remaining IGST ITC with SGST.
Eswar Reddy S
(CFO- at NHTF)
(58219 Points)
Replied 13 March 2022
Imthias ahamed Kormath
(910 Points)
Replied 13 March 2022
CA Altamush Zafar
(GST Consultant)
(15921 Points)
Replied 13 March 2022
First set off against IGST liability. The remaining can be setoff at any proportion between CGST & SGST
Eswar Reddy S
(CFO- at NHTF)
(58219 Points)
Replied 13 March 2022
Imthias ahamed Kormath
(910 Points)
Replied 14 March 2022