DEAR CHARTERED ACCOUNTANTS,
Plse check whether I am correct or not,
1. Both CGST and SGST can't set off each other...
2.For IGST set off IGST credit first and to utilize to CGST,SGST and UTGST..
3.For CGST set off first CGST credit and to utilize to IGST UTGST
4.For SGST set off first SGST and to Utilize to IGST and UTGST
please check this is correct or not there is any mistake please clarify with explanation
Note: why the all should be set off first there usage ??
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GST setoff current rules
Replies (13)
Quick Summary
Igst-igst-cgst-sgst
cgst-igst-cgst= bal cgst payable
sgst-igst-sgst= bal sgst payable
cgst-igst-cgst= bal cgst payable
sgst-igst-sgst= bal sgst payable
But cgst sgst we can't set of against each other am I correct?
Where are setting off cgst to sgst sanjay ji
Dear sir ,CGST credit can't set off to SGST ..and SGST credit can't setoff to CGST ...IAM I right
Gst set off
@ sabyasachi sir IAM I correct or not
Yes,cgst and sgst cannnot set off each other
@ For UTGST how to set off could you please tell me
Utgst also can't be set off against cgst.It goes same as sgst ..It can only be set off against igst /utgst
So only for usage sgst,IGST and UTGST...
Yes ,that too utgst of only that state
Can i set off SGST credit to IGST?
Yes you can
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