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?
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?
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.
But when i changed it manually the tab turned red doesnt that indicate erroneous return?
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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