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
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Quick Summary
This discussion clarifies the rules around Goods and Services Tax (GST) Input Tax Credit (ITC), specifically regarding UTGST. It explains that UTGST credit can only be used to offset UTGST output liabilities. Therefore, UTGST credit cannot be set off against CGST or SGST liabilities, as per Section 49(5)(d) of the CGST Act.

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GST Practitioner & Accounts
15150 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 .
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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
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On 29 September 2022 at 16:46
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GST Practitioner & Accounts
15150 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.
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On 29 September 2022 at 17:08
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3145 Points Posted on 29 September 2022
@ UTST only for UTGST
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On 29 September 2022 at 17:09
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GST Practitioner & Accounts
15150 Points Posted on 29 September 2022
Please refer section 49(5)(d) , you will get over all information.
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On 29 September 2022 at 17:14
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3145 Points Posted on 29 September 2022
Thanks sir 👍
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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
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On 02 October 2022 at 14:25

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