Friends If the tax comes in CGST 100 and SGST 100 and I have 50 Rs in IGST credit ledger and have 50 Rs cash ledger in CGST
Can I use 50 Rs from credit ledger of IGST to set off SGST and 50 Rs from cash ledger to set off CGST to equal tax liability of CGST and SGST i.e 50 each
Menu
IGST SET OFF
Replies (1)
Yes, you can do this....
but If You set off IGST credit against CGST than you have to Pay Rs. 100 SGST through bank..
or If You set off IGST credit against SGST than you have to pay Rs. 50 CGST and Rs. 50 SGST total Rs. 100 through bank..
So, Rs. 100 to pay karna hi padega na..
but If You set off IGST credit against CGST than you have to Pay Rs. 100 SGST through bank..
or If You set off IGST credit against SGST than you have to pay Rs. 50 CGST and Rs. 50 SGST total Rs. 100 through bank..
So, Rs. 100 to pay karna hi padega na..
Recent Topic
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
Related Topics
CAclubindia
