GST Setoff Doubt

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 20 January 2020

Yes... SGST payable Rs 5202 as per portal...

CA Saloni

Manager-Accounts & GST Consultant

5124 Points Posted on 20 January 2020

Yes portal is showing correct. SGST payable will be 5202/- & credit carried forward in CGST will be 47002/-

Vi Shnu M

174 Points Posted on 20 January 2020

Thank you !! 👍 input igst must be utilised fully from cgst first right?

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 20 January 2020

Yes... You are exactly correct...

Try to adjust manually for the liability to ITC...😇

Sivaramaraju G

Learner

2398 Points Posted on 20 January 2020

There is no hard and fast rule to use IGST input to set off CGST output tax. You can utilise in any proportion to any GST but you should utilise IGST credit totally. If you use IGST first with SGST then you no need to pay anything.

Vi Shnu M

174 Points Posted on 20 January 2020

I adjusted IGST input proportionally..to CGST and SGST..so tax amount will be nil..i wana know.. whether i can do like that? moreover gst site is accepting it too...

Sivaramaraju G

Learner

2398 Points Posted on 20 January 2020

As per recent update, what ever I said is correct. It's upto us to use various permutations to get the best. You can follow the same.

Vi Shnu M

174 Points Posted on 20 January 2020

Thats what i want.! 👍 thank you for that sir.!

Sivaramaraju G

Learner

2398 Points Posted on 20 January 2020

Welcome😊

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GST Setoff Doubt

Vi Shnu M

RAJA P M

CA Saloni

Vi Shnu M

RAJA P M

Sivaramaraju G

Vi Shnu M

Sivaramaraju G

Vi Shnu M

Sivaramaraju G

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