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 (9)
if you want to set off cgst and sgst ITC against igst, then first you have to fully utilizes cgst ITC against igst liability and if any balance left is to be set off against sgst ITC
i.e. first preference to be given to cgst ITC balance
i.e. first preference to be given to cgst ITC balance
Yes... You can adjust Your IGST liability to Your all GST Taxes..
IGST ITC to...
1st IGST Liability - Full amount of IGST,
2nd CGST Liability - Full amount of IGST
after any balance IGST ITC then
3rd SGST Liability - Fully......
IGST ITC to...
1st IGST Liability - Full amount of IGST,
2nd CGST Liability - Full amount of IGST
after any balance IGST ITC then
3rd SGST Liability - Fully......
Yes you can set off cgst and sgst liability against Igst liability.. to do it first you need to set off igst output with igst input. If any balance payable cgst output with cgst input and sgst output with sgst input. Now if there is any further credit in your cgst and sgst available that can be used to pay off your balance igst liability
CGST can't be set-off against SGST & vice versa, so this two cannot set-off against each other
VERY SIMPLE
ITC FIRST SET OFF SECOND SET OFF THIRD SET OFF DENIED SET OFF
IGST IGST CGST SGST CESS
CGST CGST IGST SGST , CESS
SGST SGST IGST CESS , CGST
CESS CESS IGST , CGST,SGST
NOTE: IF YOU CAN NOT SETT OFF ANY SECTION THAN YOU CAN FILE FOR RFD 01A
suppose we have not igst ITC but have cgst and sgst ITC then what will be procedure of setting off igst ,cgst and sgst liability
I think you have get ans.
for more solution go to gst portal and sett off , gst portal auto denied you if you are wrong itc fill in box
But till yet gst portal is not set off the cgst and sgst liabites from igst inputs
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