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.
AMAN RK JAIN 24 October 2020
Set off table
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....
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
RULE . SGST ITC ITC CANT BE SET OFF WITH CGST LIABILITY