Input: Cgst - 200, Sgst - 200
Output: Igst-300, Cgst-150, Sgst- 150
In this situation whether cgst input can be used first with with Cgst or Igst.
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ITC SETOFF QUERRY
Replies (5)
cgst
As per new rule CGST output shall set-off first from IGST , but portal is not working accordingly , it's setting off on old rule ie CGST output will set-off Against CGST input
As per Section 49 of the CGST Act 2017, it is CGST.
But as per Section 49A of the CGST ( AMENDMENT ) Act 2018, it is IGST. But at present, the portal is not functioning as per new rule.
But as per Section 49A of the CGST ( AMENDMENT ) Act 2018, it is IGST. But at present, the portal is not functioning as per new rule.
pankaj sir in above casee there is no igst input..then we can utilise cgst input first to Cgst and balance input to Igst liability .
same applicable for Sgst
same applicable for Sgst
Means, when IGST Carry forward then new rule is applicable to first setoff with cgst and sgst.
When igst lability then rule is same as old. Cgst first setoff with cgst if amount carry forward than setoff with igst otherwise paid in cash.
Please clarify....
Rajesh Jha
8651625663
When igst lability then rule is same as old. Cgst first setoff with cgst if amount carry forward than setoff with igst otherwise paid in cash.
Please clarify....
Rajesh Jha
8651625663
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