Doubts regarding GST
what is the current set off rules in GST please explain me that in interpretation..
Replies (2)
Quick Summary
IGST should be first set off with IGST amount and then balance if available that should be set off against CGST/SGST amount.
CGST balance should be set off against CGST amount and if there is any balance then that should be set off with IGST balance.
SGST balance should be set off against SGST amount (same as CGST rules)
CGST and SGST cannot be set off against each other
CGST balance should be set off against CGST amount and if there is any balance then that should be set off with IGST balance.
SGST balance should be set off against SGST amount (same as CGST rules)
CGST and SGST cannot be set off against each other
Thank you so much sir
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