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IGST CREDIT CGST AND SGST DONO ME UTILIZE KAR SAKTE HE KI FIRST OF CGST THAN SGST ?
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Quick Summary
Yes, ap IGST Credit ko CGST or SGST dono me adjust kr skte hai
IGST credit first utilize with CGST payment if balance available then for SGST payment.
Sir lekin chat ka credit to he to IGST ka sirf SGST kare to allowed nai he ?
Haan ji aap IGST credit phelay IGST output main utilise karogey phir agar balance bachta hai toh aap dono CGST & Sgst main 50-50 karkey utilise saktey ho.
@ Kamlesh Tolani Ji as per GST set off rule wef 01/02/2019 IGST Bal first set off with IGST Payable (if any) after that with CGST Payable (if any) then balance if any with SGST Payable, it cannot be set off first with SGST Payable in case CGST OR IGST is also payable
@ Pankaj Rawat Ji After the insertion of new provision of section 49A this 50% 50% rule is no more.
@ Pankaj Rawat Ji After the insertion of new provision of section 49A this 50% 50% rule is no more.
THANK U VERY MUCH SIR 🙏🙏🙏
@ CA Abhay
I knew it's r rule 88A of CGST Act
The IGST balance must be first set-off against IGST Output , & any balance remaining , can manually set-off 50+50 percent in CGST & SGST. .
The portal accept.
Can also refer example given in Circular 98/17/2019 GST .
And kindly refer my reply above once again , firsty IGST input will set-off against IGST output & thereafter any balance remaining of IGST input ,can be adjusted 50+50 percent between CGST & SGST output.
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