Output tax liability April 2024
IGST 4973
CGST 92675
SGST 92675
ITC Balance
IGST 97294
CGST 668024
SGST 668024
HOW TO SET OFF
Menu
Set off of gst liability
Replies (3)
Quick Summary
The IGST of 97,294 should first be offset by the IGST output of 4,973. The remaining IGST balance can then be fully offset against either CGST of 92,321, SGST of 92,321, or split equally between both, according to your preference. Ultimately, the IGST balance will be zero after this offsetting process.
Set off gst liability from balance of input tax credit
| Originally posted by : sabyasachi mukherjee | ||
 |
Set off gst liability from balance of input tax credit |  |
Thankyou sir 🤣🤣🤣
Recent Topics :
- Income tax or capital gain tax for Resident Indivi
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
Related Topics :
CAclubindia
