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Regards GST ITC

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3145 Points Posted on 29 September 2022
Dear CA's

ITC of UTGST credit amount can we use SETOFF for cgst and sgst ??? plse explain me...
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On 29 September 2022 at 16:22 Report
Replies (7)
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GST Practitioner & Accounts
15085 Points Posted on 29 September 2022
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 .
24 Reply
On 29 September 2022 at 16:44
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3145 Points Posted on 29 September 2022
So finally can I set of UT GST credit to see cGST only
2 Reply
On 29 September 2022 at 16:46
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GST Practitioner & Accounts
15085 Points Posted on 29 September 2022
No , you Can not setoff UTGST against CGST ,as per section 49(5)(d) of the CGST act, please refer.
24 Reply
On 29 September 2022 at 17:08
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3145 Points Posted on 29 September 2022
@ UTST only for UTGST
2 Reply
On 29 September 2022 at 17:09
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GST Practitioner & Accounts
15085 Points Posted on 29 September 2022
Please refer section 49(5)(d) , you will get over all information.
24 Reply
On 29 September 2022 at 17:14
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3145 Points Posted on 29 September 2022
Thanks sir 👍
2 Reply
On 29 September 2022 at 17:16
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Chief Accountant
3150 Points Posted on 02 October 2022
UTST credit can only be use for UTGST output
9 Reply
On 02 October 2022 at 14:25


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