Itc setoff

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Sr.ACCOUNTANT
261 Points Posted on 12 June 2020
can we use Cgst input to set of sgct liability?
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On 12 June 2020 at 22:37 Report
Replies (6)
Quick Summary
This discussion clarifies whether CGST input tax credit can be used to offset SGST liability under GST regulations. The consensus is that CGST and SGST are separate categories and cannot be directly set off against each other. Input tax credits must generally be adjusted within the same tax category (CGST for CGST, SGST for SGST).

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Student
1321 Points Posted on 12 June 2020
No you can't.
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On 12 June 2020 at 22:54
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GST Practitioner
55067 Points Posted on 12 June 2020
No you cannot
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On 12 June 2020 at 23:37
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article Assistant
1644 Points Posted on 13 June 2020
Yes. Set off can be done. After set off cgst liability, if balance available, we can set off against syst liability
1 Reply
On 13 June 2020 at 09:18
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Designation
771 Points Posted on 14 June 2020
No, not possible. cgst and sgst cannot be set off against each other.
1 Reply
On 14 June 2020 at 09:27
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article Assistant
1644 Points Posted on 14 June 2020
Yes. I made a mistake. It can only carry forward to next month
2 Reply
On 14 June 2020 at 09:45
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4215 Points Posted on 14 June 2020
Credits should be adjusted in the same category
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On 14 June 2020 at 16:53

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