o/p
IGST 100
CGST 1000
SGST 1000
I/P WITH CREDIT AVAILABLE
IGST 1500
CGST 500
SGST 500
PLEASE SUGGEST ME ISME UTILIZATION IGST SE HO SAKTA HE
Menu
REGARDING ITC UTILIZATION
Replies (5)
Quick Summary
First you have to utilise IGST credit fully. So IGST input of 1500 can be following manner
1) 100 - IGST, 700-cgst,700-sgst
2) balance 300 payable can be set off from SGST and CGST input of 500 respectively.
1) 100 - IGST, 700-cgst,700-sgst
2) balance 300 payable can be set off from SGST and CGST input of 500 respectively.
Yes I agree, firstly ITC of IGST has to be exhausted fully then you can setoff CGST input for CGST liability and SGST input for SGST liability.
Yes I agree, firstly ITC of IGST has to be exhausted fully then you can setoff CGST input for CGST liability and SGST input for SGST liability.
Thank u sir for this help
and sir compulsary 50% kar sakte he ki SGST ko 70% de to allowed he
and sir compulsary 50% kar sakte he ki SGST ko 70% de to allowed he
Agree with all answers above. As per Rule 88A, "any manner" words are used, so need not be 100% CGST or 50% each CGST & SGST. You may use in the manner you choose.
Recent Topics :
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
- Eway and e invoicing in condition where 4 party ar
- Bank balance in ITR-3
- INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
- Tempsens Instruments IPO GMP Allotment Listing dat
- Upload Type - Correction. Not showing in TDS filli
Related Topics :
CAclubindia
