We had to reverse some IGST ITC which was excess taken by us earlier. Due to this, we are having a negative balance in IGST credit.
Can we utilise the credit of CGST to set off this negative credit in IGST.
Menu
Negative IGST ITC
Replies (5)
No... No way for adjust from CGST and SGST for the said reverse...
Ok...but than, what is the way out..
with cash payment.
Dear Rakesh
can you explain in detail , whether you have excess balance CGST ?????
can you explain in detail , whether you have excess balance CGST ?????
@ Pankajji, No we do not have excess balance CGST.
Recent Topics :
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
Related Topics :
CAclubindia
