Dear Experts ,
We have input credit in Igst ledger,but no out put to setoff but we have Cgst and Sgst out put.
shall we setoff sgst out put against i
gst credit or its compulsory to first setoff Cgst out put against Igst input
pls advice , is it optional.
my mgmt ready to pay sgst and Cgst out put dues without adjusting Igst input _ this case shall we claim Igst input as Refund or its compulsory we needs adjust igst credit against Cgst or sgst out put _ pls advice.
Hi,
as per gst laws, the order of set off of igst input is first against igst output, second against cgst output, at last sgst output.
In your case, you can only first set off igst input against cgst input and then sgst output.
It is up to you to either set off the igst input, or you can carry forward the input to next tax period. It is not a compulsion to set off inputs against outputs.
CAclubindia
