If sale is interstate e.g igst 1000
And sales return is 300 CGST and 300 SGST
What will be tax amount payable?
IGST Payable
1000-300 = 700
Balance in SGST Input
300
5 Replies
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 09 November 2020
Online CGST set off against IGST liability
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 10 November 2020
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
CGST - 300
SGST - 300
Only CGST set off Rs. 300 against IGST of Rs. 1000
700 Tax payable under IGST
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