How to adjust input credit?

ITC / Input 191 views 6 replies
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233 Points Joined July 2017
I have IGST payable of Rs.20k and Input credit in SGST- Rs.40k and CGST Rs.40k. How should I adjust IGST payable from input credit available in both of these?
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On 04 November 2017 at 14:05 Report
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accounts manager
57 Points Joined July 2012
you have to adjust IGST(20000) against CGST(20000)
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On 04 November 2017 at 14:18
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CA Harsh Maini
50 Points Joined November 2017

After submitting GST3 B at the time of Set Off you will get the option to adjust CGST input against IGST Liability. After CGST is utilized you can utilize SGST for balance IGST Liability.

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On 04 November 2017 at 16:01
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Dear Ankush KUMAR & Hi guys.,
Sorry to say Differed....

You offset the IGST Liability to CGST only...
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On 04 November 2017 at 16:47
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Dear Ankush KUMAR & Hi guys., 
Sorry to say Differed....

You offset the IGST Liability to CGST only..

IGST 20k to adjust CGST 20k.
Balance CGST 20k and SGST 40k....
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On 04 November 2017 at 16:48
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233 Points Joined July 2017
thanks very much to all of you for your kind reply
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On 06 November 2017 at 20:23
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
You are welcome Dear
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On 06 November 2017 at 20:49


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