New updation and rule gst


Rohit (Student and Learner)     24 July 2019

Rohit
Student and Learner 
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As per new rule and updation in portral, Can we claim IGST Credit agaist sgst first instead of cgst? Or I have to do it agaist Cgst first? 

avater

GOKUL K JADHAV (Master of Commerce & CA final Student)     24 July 2019

GOKUL K JADHAV
Master of Commerce & CA final Student 
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no this adjustment cannot be done till now first you have to adjust my GST against cgst liability

bhavisha (accountant)     24 July 2019

bhavisha
accountant 
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as you fill all the detail on gst portal , and go for make payment tab, it is automatically calculated IGST Credit against CGST first and then if IGST Credit remains it is setoff against SGST. 

shailendra shukla (Bhopal)     24 July 2019

shailendra shukla
Bhopal 
 105 likes  1705 points

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yes you can manually do that.......

Rohit (Student and Learner)     26 July 2019

Rohit
Student and Learner 
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But when i changed it manually the tab turned red doesnt that indicate  erroneous return? 

bhavisha (accountant)     30 July 2019

bhavisha
accountant 
 97 points

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if it shows red, you have to check again, if you fill return online it is automatically setoff against your credit with tax liablity. 

suppose you have IGST credit rs. 40000, and your sgst and cgst tax liablity rs, 25000 each . first out of this 40000 setoff against cgst liability of rs. 25000 and balance will be setoff against sgst. and for  remaining balance of sgst you have to create challan. and paid the liability. after made a payment make setoff. and go to file a return.

i think from above example. it is clear for you.

 


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