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
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REGARDING ITC UTILIZATION
Replies (5)
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.
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