Settlement of IGST demand

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75 Points Posted on 26 April 2024
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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On 26 April 2024 at 06:58 Report
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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.

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128162 Points Posted on 26 April 2024
No,
Demand to be pay through Cash payment.
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On 26 April 2024 at 08:38
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75 Points Posted on 26 April 2024
Sir...as because it is demand?? Otherwise can be..pls elaborate
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On 26 April 2024 at 10:45
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128162 Points Posted on 26 April 2024

No... Otherwise also not possible to adjust with ITC for PY.

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On 26 April 2024 at 11:17
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75 Points Posted on 26 April 2024

Okay...thank u sir

 

 

 

 

 

 

 

 

 

 

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On 26 April 2024 at 11:31
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"Do the Right Thing...!!!"
128162 Points Posted on 26 April 2024
You are welcome
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On 26 April 2024 at 18:19

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