If sale is interstate e.g igst 1000
And sales return is 300 CGST and 300 SGST
What will be tax amount payable?
Menu
IGST -(CGST+SGST) = ?
Replies (5)
IGST Payable
1000-300 = 700
Balance in SGST Input
300
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
CGST - 300
SGST - 300
Only CGST set off Rs. 300 against IGST of Rs. 1000
700 Tax payable under IGST
Recent Topic
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
Related Topics
CAclubindia
