Hi sir
I have first liability of 11000
cgst liability of 5000
sgst liability of 5000
I have cgst itc 6000
I have sgst itc 20000
can I utilize my igst liability of 11000 with sgst 11000
then cgst liability with cgst
sgst liability with sgst
if so when I try to submit my return it's not utilizing it's showing error like igst first utilize with cgst then sgst if I did like that I need to pay cgst liability can you 3guide me relating to this
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Itc utilization criteria
Replies (4)
Quick Summary
You cannot do such setoff, IGST needs to be set off first with IGST then CGST then SGST
In new rules we can set of at any proportion if I utilize like that I need to pay cgst I have sgst itc more if I utilize like tha can you please help me on this
Hi,
Calculation
Setoff OUTPUT IGST SGST CGST
IGST 11000 0 10000 1000
CGST 5000 0 5000
SGST 5000 0 5000
I will agree with MR. Abhay, you have to 1st pay off your IGST liability through IGST and then followed by CGST and SGST if any.
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