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Indirect tax GST computation for Nov 19
Can anyone explain fullfleged sum of computation of net GST payable as applicable to Nov 19 attempt (since the utilization of IGST is changed)
Replies (1)
Amendment regarding IGST credit utilisation:
just the priority of using IGST credit have been changed,
Prior to the amendment: IGST credit should be used for
1st: IGST liability
2nd: CGST liability
3rd: SGST/UTGST liability
After amendment:
1st: IGST liability
2nd: CGST liability or SGST/UTGST liability.
just the priority of using IGST credit have been changed,
Prior to the amendment: IGST credit should be used for
1st: IGST liability
2nd: CGST liability
3rd: SGST/UTGST liability
After amendment:
1st: IGST liability
2nd: CGST liability or SGST/UTGST liability.
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