IGST payable and set off

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68 Points Posted on 29 August 2020
If IGST is payable and in cash ledger tds credit CGST and SGST is showing,can it be set off for IGST payable?
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On 29 August 2020 at 20:35 Report
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This discussion clarifies whether credit from CGST and SGST TDS, appearing in the cash ledger, can be used to offset IGST that is payable. The answer provided is affirmative, confirming that such set-off is permissible. This means businesses can utilise their existing TDS credits for IGST liabilities.

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615 Points Posted on 29 August 2020
Yes, it can be set off.
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On 29 August 2020 at 20:54
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68 Points Posted on 29 August 2020
Thank you
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On 29 August 2020 at 21:11

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