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GST ITC SET OFF


har na   24 October 2020

Hi all, I have a doubt with GST ITC set off
I have zero credit in IGST, and credit in SGST,CGST.
I have payable in all 3 heads.
While paying IGST , can I use equal amounts from CgST and SGST each? Even if there is balance in CGST after set off with CGST liability and the partial amount taken to IGST.

avater

ayusmita (Tax consultant)     24 October 2020

ayusmita
Tax consultant 
 164 likes  2324 points

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Rule IGST first setoff with IGST if any remain then with CGST or SGST
CGST frist with CGST then if remain then with IGST
SGST first with SGST if remain then IGST

avater

AMAN RK JAIN   24 October 2020

AMAN RK JAIN

 4 likes  121 points

View Profile | My Other Post

Set off table
1.
IGST-IGST-CGST-SGST

FIRSTLY YOU NEED TO SET OFF COMPLETE
ITC OF IGST
FIRST SET OFF IGST ITC TO IGST LIABILITY...
THEN IF IGST ITC REMAINS
THEN IGST REMAINS ITC SET OFF WITH CGST LIABILITY
THEN IGST ITC REMAIN
THEN IT WILL BE SET OFF WITH SGST LIABILITY....

2.
CGST - CGST

CGST ITC ONLY YOU CAN SET OFF WITH CGST LIABILITY....
RULE . CGST CANT BE SET OFF WITH SGST LIABILITY

3.SGST - SGST
SGST ITC ONLY YOU CAN SET OFF WITH SGST
LIABILITY
RULE . SGST ITC ITC CANT BE SET OFF WITH CGST LIABILITY


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