Dear CA's
ITC of UTGST credit amount can we use SETOFF for cgst and sgst ??? plse explain me...
Menu
Regards GST ITC
Replies (7)
Quick Summary
There are 28 States and 8 Union Territories in India . SGST is used in Sates and UTGST in Union Territories.
So if you are supplier from Union Territories, he only Can charge CGST and UTGST with in Union Territories , like in States we charged CGST and SGST .
So if you are supplier from Union Territories, he only Can charge CGST and UTGST with in Union Territories , like in States we charged CGST and SGST .
So finally can I set of UT GST credit to see cGST only
No , you Can not setoff UTGST against CGST ,as per section 49(5)(d) of the CGST act, please refer.
@ UTST only for UTGST
Please refer section 49(5)(d) , you will get over all information.
Thanks sir 👍
UTST credit can only be use for UTGST output
Recent Topics :
- Capital Gain on sale of Depreciated Factory Gala
- Interesting Observation from a Recent Income Tax S
- ITR 3 Utility Not Taking Marginal Relief on Net To
- MV Electrosystems IPO Allotment Date, Status Check
- TDS payment code query
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
Related Topics :
CAclubindia
