GST CREDIT REG

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380 Points Posted on 31 October 2020
kindly clarify we have cgst credit can we adjust that credit on IGST payable amount
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On 31 October 2020 at 19:56 Report
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Quick Summary
This discussion clarifies the rules around adjusting GST credit. It confirms that CGST credit can indeed be used to offset IGST payable amounts. However, it explicitly states that CGST credit cannot be used to offset SGST payable amounts, and vice-versa, following a specific order of adjustment.

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Accountant
3662 Points Posted on 31 October 2020
Yes, you can
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On 31 October 2020 at 20:30
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380 Points Posted on 31 October 2020
K thank you and one more can we adjust CGST credit on SGST payable amount
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On 31 October 2020 at 21:50
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Bhopal
1741 Points Posted on 01 November 2020
No you cannot...
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On 01 November 2020 at 00:07
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Tax Consultant & Practitioner
6195 Points Posted on 01 November 2020
Originally posted by : SDR ASSOCIATES
K thank you and one more can we adjust CGST credit on SGST payable amount

Igst k against first igst then cgst or SGST

Cgst k against iGST then cgst

Sgsgt k against igst then sgst

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On 01 November 2020 at 01:24
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Tax Consultant & Practitioner
6195 Points Posted on 01 November 2020
Originally posted by : SDR ASSOCIATES
K thank you and one more can we adjust CGST credit on SGST payable amount

Igst k against first igst then cgst or SGST

Cgst k against iGST then cgst

Sgsgt k against igst then sgst

1 Reply
On 01 November 2020 at 01:25
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380 Points Posted on 01 November 2020
K thank you all
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On 01 November 2020 at 07:55

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