Menu
IGST collected on service
dear sir if we collect IGST on service provided and pay to govt then is this tax paid will be available as itc if it is available then can we show itc of service provided to adjust with goods sold output gst??
Replies (1)
The IGST collected from customer and paid to Govt is your output tax.
The tax collected by your supplier and paid to Govt is input tax. You can take credit of Input tax.
Recent Topics :
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
Related Topics :
CAclubindia
