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IGST TRANSFER

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4 Points Joined January 2022
Dear Sir,
can we transfer the input of igst into cgst Or sgst. ???
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On 15 January 2022 at 13:40 Report
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CA
10436 Points Joined March 2019
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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On 15 January 2022 at 14:18
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Chief Accountant
3150 Points Joined July 2020
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.
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On 15 January 2022 at 14:24
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Profession Business
28196 Points Joined May 2017
You have to adjust first igst input with output igst.
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On 16 January 2022 at 08:32
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GST Consultant
15986 Points Joined March 2013

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

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On 16 January 2022 at 09:26
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Practicing Chartered Accountant
959 Points Joined May 2016
Why to transfer the same to different heads when you can legally set it off against other heads liability.
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On 19 January 2022 at 23:30

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