LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Setoff Rule

17 July 2021

if I have igst cgst sgst credit balance.
so can I adjust cgst to cgst
sgst to sgst
and after adjustment if balance is still pending to pay and then we utilize the credit of IGST.

Reply
Follow
Share

10 Replies

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 17 July 2021

Set off rules.

IGST set off with both CGST & SGST.

SGST set off 1st with IGST, Then SGST
CGST set off 1st with IGST, Then CGST.

Then set off possible with CGST & SGST.

CMA Poornima Madhava (CMA) (13097 Points)
Replied 17 July 2021

IGST ITC to be completely exhausted before utilizing CGST & SGST ITC.

1 Like

Sateesh Kumar (199 Points)
Replied 17 July 2021

IGST =IGSTAND CGST AND SGST
CGST=CGST AND SGST
SGST=SGST only use

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 17 July 2021

Satheesh Ji -CGST & SGST -cannot set off together.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 17 July 2021

You're right shivanshu

Imthias ahamed Kormath (910 Points)
Replied 17 July 2021

U stated that u have balance in igst,
u claimed it fully, it means that u have no stock in hand.
u can not aduject itc against ur value addition liability on corresponding goods.

RENU SHARMA (1388 Points)
Replied 17 July 2021

If you have credit balance in igst
set off rule
igst = igst + cgst
igst = igst+ sgst
cgst = igst+cgst

sgst= igst+ sgst

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 18 July 2021

Agree

sabyasachi mukherjee (26039 Points)
Replied 18 July 2021

There cant different set of rules.
Rules are very specific for adjusting CGST WITH IGST OR SGST.

Imthias ahamed Kormath (910 Points)
Replied 23 July 2021

How did treat adujectment:-
1.When purchase from inter state
ur igst devided as cgst and Sgst.
2. when purchase from intra state
ur Cgst and Sgst as same,But this
purchase moved to inter state,Cgst
and Sgst transferred as igst fully.