If sale is interstate e.g igst 1000
And sales return is 300 CGST and 300 SGST
What will be tax amount payable?
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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
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