Igst payable setoff..reg

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ACCOUNTANT
524 Points Posted on 01 September 2020
sir,
how to setoff igst payable.
1. if no igst credit can i adjust with cgst or sgst.
2.or. adjust with first cgst then after sgst.
which correct.?
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On 01 September 2020 at 11:52 Report
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Quick Summary
This discussion clarifies how to set off IGST payable. It confirms that IGST can be adjusted against CGST or SGST in the way most beneficial to the assessee. The correct method involves offsetting IGST first, followed by CGST and then SGST, rather than attempting to adjust IGST directly with CGST or SGST individually if no IGST credit is available.

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10 Points Posted on 01 September 2020
2 nd is correct
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On 01 September 2020 at 12:23
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T
405 Points Posted on 01 September 2020
Igst can be set off with sgst or cgst in the manner benificial to assesee
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On 01 September 2020 at 19:36
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Tax and Business Consultant
11616 Points Posted on 01 September 2020

Way No. 2 is correct
You can not use way No.1..

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On 01 September 2020 at 19:50

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