hi
I raise a bill in Mumbai and collect igst
what will be the effect?
can I get square off against gst paid on purchase ?
Menu
effect of igst collected
Replies (6)
While depositing the IGST the seller will take credit of SGST and CGST paid by him on purchase of such Goods or services within the state.
that means first I square off my cgst and sgst against igst ??
no...first you square off your igst liability and after that cgst liability and then after if there is credit of igst then square off SGST liability
right sir
IGST input credit can be set off against IGST first, if still available, it can be set off next against CGST and if still credit is there it can be set off against SGST. This is the order of set off . Cross adjustment of CGST and SGST not possible.
can Input Credit Be Receiver on fixes asset
Recent Threads
- Built a tool to automate Bank Statement to Tally e
- Normal Register in GST in delhi in gujarat no rece
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
Related Threads
CAclubindia
