Priority of gst credit

ITC / Input 262 views 3 replies

Utilization of IGST’s Input Tax Credit under GST

The Input Tax Credit under GST of IGST shall be

  • first utilized towards payment of IGST;
  • then towards the payment of output CGST;
  • and then towards the payment of output SGST

Utilization of SGST’s Input Tax Credit under GST

The Input Tax Credit under GST of SGST shall be

  • first utilized towards the payment of output SGST;
  • and then towards the payment of output IGST

However, Input Tax Credit under GST of CGST can’t be used to adjust CGST.

Utilization of CGST’s Input Tax Credit under GST

The Input Tax Credit under GST of CGST shall be

  • first utilized towards the payment of output CGST
  • and then towards the payment of output IGST

However, Input Tax Credit under GST of CGST can’t be used to adjust SGST.

Replies (3)

What is the basic price of intrastate supply of e way bill generation will be ready by 16th January, 2018.

Very Nice Work Mr. A K BANIK...

KEEP IT UP DEAR

 

>>> GOOD LUCK <<<

 

Originally posted by : Govind
What is the basic price of intrastate supply of e way bill generation will be ready by 16th January, 2018.

 

I THINK FROM Rs. 50,000 AND ABOVE...

BUT.,

PLEASE ASK IT A NEW FORUM...

DON'T BE BANNED HIS GREAT WORK MR. GOVIND


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register