My SGST input credit every month increased lot of amount but I have payable tax to CGST coloumn. so,how can equalized my CSGT & SGST column?
note: Intergrated sale & purchase not applicable for my business.
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HOW to adjust my SGST credit
Replies (2)
SGST input will either be adjusted with SGST liability or IGST liability
Hi Jayakumar,
If any intra state sales were made then both CGST & SGST are payable to government. Example if you render some services attracting 18% GST rate then CGST 9% ans SGST 9% are payable to government.
So generally you will have equal liability of both CGST and SGST. As per section 49(5) of CGST Act, 2017 SGST input can be utilised against payment of SGST liability and IGST liability.
Hope this clarifies, if more clarifications required please write mail at Bhavana @ lbkca.in. We will be happy to assist you further.
Thanks
Bhavana K L
Chartered Accountant
If any intra state sales were made then both CGST & SGST are payable to government. Example if you render some services attracting 18% GST rate then CGST 9% ans SGST 9% are payable to government.
So generally you will have equal liability of both CGST and SGST. As per section 49(5) of CGST Act, 2017 SGST input can be utilised against payment of SGST liability and IGST liability.
Hope this clarifies, if more clarifications required please write mail at Bhavana @ lbkca.in. We will be happy to assist you further.
Thanks
Bhavana K L
Chartered Accountant
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