igst set off against cgst and sgst
altamash qAsmi altamash qasmi (18 Points)
16 August 2017altamash qAsmi altamash qasmi (18 Points)
16 August 2017
Deepak Gupta
(CA Student)
(15922 Points)
Replied 16 August 2017
Input tax |
Output tax |
IGST |
IGST CGST SGST |
CGST |
CGST IGST |
SGST |
SGST IGST |
UTGST |
UTGST IGST |
Cross-utilization of credit is available only as above in that order. The main restriction is that the CGST credit cannot be utilized for payment of SGST or UTGST and vice versa.
Studentsca
(CA Practice )
(3577 Points)
Replied 16 August 2017
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)