can we adjust cgst ITC and sgst ITC towards igst tax . if yes then how ??
considering both conditions one is if we don't have op Balance of cgst/sgst/igst and another is, we have op Bal of cgst/sgst .
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set off cgst / sgst to igst liabilities ??
Replies (1)
1. IGST CREDIT FIRST SET OFF FROM OUTWARD LIABLITY OF IGST THEN CGST THEN SGST
2. CGST CREDIT FIRST SET OFF FROM OUTWARD LIABLITY OF CGST THEN FROM IGST
3. SGGT CREDIT FIRST SET OFF FROM OUTWARD LIABLITY OF SGST THEN FROM IGST
ITS MY PERSONAL OPINION, IF ANYBODY HAVE DIFFERENT VIEW THEN VIEWS ARE WELCOME. THANKS. DISCLAIMER: ITS NOT PROFESSIONAL ADVICE....
2. CGST CREDIT FIRST SET OFF FROM OUTWARD LIABLITY OF CGST THEN FROM IGST
3. SGGT CREDIT FIRST SET OFF FROM OUTWARD LIABLITY OF SGST THEN FROM IGST
ITS MY PERSONAL OPINION, IF ANYBODY HAVE DIFFERENT VIEW THEN VIEWS ARE WELCOME. THANKS. DISCLAIMER: ITS NOT PROFESSIONAL ADVICE....
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