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IGST TRANSFER

Bobby Md. (4 Points)

15 January 2022

Dear Sir,
can we transfer the input of igst into cgst Or sgst. ???

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5 Replies

CA Aakarsh Jain (CA) (10216 Points)
Replied 15 January 2022

Yes you can transfer the balance available in cash ledger of IGST to CGST/SGST but you can't transfer input of IGST to CGST/SGST but there is still a way to do that. Let me help you with this. check your inbox.

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Nidhi (Chief Accountant) (3150 Points)
Replied 15 January 2022

You can transfer the balance available in cash ledger of IGST to cash ledger of CGST/SGST.

You can't trasfer the IGST credit ledger balance to CGST/SGST credit ledger, And there is no need to trasfer the same as you can use IGST credit to pay you CGST/SGST output liability.

sabyasachi mukherjee (26039 Points)
Replied 16 January 2022

You have to adjust first igst input with output igst.

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 16 January 2022

ITC of IGST, CGST and SGST are non transferable among themselves. They can only be utilised as per rules.

Divyam Agarwal (Practicing Chartered Accountant) (959 Points)
Replied 19 January 2022

Why to transfer the same to different heads when you can legally set it off against other heads liability.

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