on 2lac-CGST 18000 and SGST 18000 on (40000+60000)-Igst 18000 1)Now Cgst credit of 10000 will be utilised for Against Above CGST liability of 18000 and balance CGST liability=8000 2)SGST credit of 20000 for CGST liability of 18000 and balance 2000 for IGST thus balance SGST liability =Nil 3)For IGST liability we will utilise balance credit of SGST rs.2000 Thus IGST balance liability=16000 Hope You catch it.
Sorry the above point 2) read as 2)SGST credit of 20000 for SGST liability of 18000 and balance 2000 for IGST thus balance SGST liability =Nil I.e. "SGST credit of 20000 for SGST" instead of "SGST credit of 20000 for CGST" that was a typing error
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