GST Setoff Doubt

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174 Points Posted on 20 January 2020

IGST OUTPUT- NIL
CGST OUTPUT - 85,164
SGST OUTPUT -85,164


IGST INPUT - 13,237
CGST INPUT available- 1,18,929
SGST INPUT available - 79,962

portal shows ₹5202 to pay...is it right?

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On 20 January 2020 at 13:48 Report
Replies (9)
Quick Summary
This discussion addresses a user's doubt regarding GST setoff, specifically how to utilise IGST input tax credit. The portal indicated a payable amount, leading to confusion about the correct setoff procedure. It was clarified that while IGST input can be used against CGST or SGST, the primary rule is to fully utilise the IGST credit. Users can strategically adjust IGST input proportionally between CGST and SGST outputs to minimise payable tax, and the GST portal accepts these adjustments.

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"Do the Right Thing...!!!"
128162 Points Posted on 20 January 2020
Yes... SGST payable Rs 5202 as per portal...
2 Reply
On 20 January 2020 at 14:49
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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/-
1 Reply
On 20 January 2020 at 15:13
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174 Points Posted on 20 January 2020
Thank you !! 👍 input igst must be utilised fully from cgst first right?
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On 20 January 2020 at 15:17
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"Do the Right Thing...!!!"
128162 Points Posted on 20 January 2020
Yes... You are exactly correct...

Try to adjust manually for the liability to ITC...😇
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On 20 January 2020 at 15:22
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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.
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On 20 January 2020 at 15:31
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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...
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On 20 January 2020 at 15:32
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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.
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On 20 January 2020 at 15:37
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174 Points Posted on 20 January 2020
Thats what i want.! 👍 thank you for that sir.!
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On 20 January 2020 at 15:39
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Learner
2398 Points Posted on 20 January 2020
Welcome😊
1 Reply
On 20 January 2020 at 15:44

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