IGST -(CGST+SGST) = ?

If sale is interstate e.g igst 1000

And sales return is 300 CGST and 300 SGST

What will be tax amount payable?
Replies (5)
Quick Summary
This discussion clarifies how to calculate Goods and Services Tax (GST) payable when dealing with interstate sales and sales returns. It explains that while sales returns reduce the overall GST liability, the set-off rules for IGST, CGST, and SGST need careful consideration. Specifically, it highlights that CGST input tax credit can be set off against IGST liability, impacting the final tax amount due.

IGST Payable

1000-300 = 700

Balance in SGST Input

300
Sir how?
Online CGST set off against IGST liability
Sir this is sales return
After Sales return your GST liability reduce

CGST - 300

SGST - 300

Only CGST set off Rs. 300 against IGST of Rs. 1000

700 Tax payable under IGST

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