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IGST -(CGST+SGST) = ?

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32 Points Joined April 2018
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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On 09 November 2020 at 18:26 Report
Replies (5)
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Accountant
3662 Points Joined May 2018
IGST Payable

1000-300 = 700

Balance in SGST Input

300
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On 09 November 2020 at 19:05
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32 Points Joined April 2018
Sir how?
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On 09 November 2020 at 19:08
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Accountant
3662 Points Joined May 2018
Online CGST set off against IGST liability
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On 09 November 2020 at 21:51
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32 Points Joined April 2018
Sir this is sales return
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On 09 November 2020 at 22:01
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Accountant
3662 Points Joined May 2018
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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On 10 November 2020 at 12:32

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