Dear experts pls guide if IGST demand can be set off from unutlized CGST & SGST credits...this is regarding FY 2018 -19. Kindly give your inputs it's important.
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Quick Summary
This discussion explores whether an IGST demand for FY 2018-19 can be settled using unutilised CGST and SGST input tax credits. The consensus from experts is that IGST demands must be paid in cash and cannot be adjusted against existing CGST or SGST credits, especially for previous financial years.