SGST LIABILITY SETOFF WITH CGST INPUT TAX IS IT POSSIBLE PLS SUGGEST ME

491 views
User Avatar

manager
84 Points Posted on 30 June 2020
gst amount setoff
0 Reply Share Follow
On 30 June 2020 at 17:13 Report
Replies (6)
Quick Summary
This discussion addresses whether SGST liability can be offset against CGST input tax. The consensus is that this is not possible under current GST regulations. SGST must be paid using SGST input tax credits first, and then IGST input tax credits can be used. CGST input tax credits are strictly for offsetting CGST liabilities.

User Avatar

CA-Final Student
801 Points Posted on 30 June 2020
Never..
it is not possible.
Reply
On 30 June 2020 at 17:53
User Avatar

Chartered Accountant
821 Points Posted on 30 June 2020
Income tax and GST are two diff laws.... U cannot knock off
Reply
On 30 June 2020 at 18:02
User Avatar

accountant
519 Points Posted on 30 June 2020

No its not possible and GST portal also not allow for the same

Reply
On 30 June 2020 at 18:02
User Avatar

Chartered Accountant
821 Points Posted on 30 June 2020
Kindly ignore my comment...posted by mistake
Reply
On 30 June 2020 at 18:29
User Avatar

GST Practitioner
55067 Points Posted on 30 June 2020
No it can't be.
Reply
On 30 June 2020 at 23:51
User Avatar

281 Points Posted on 01 July 2020
No Sgst can be adjust first with Sgst and than with Igst
Reply
On 01 July 2020 at 00:12

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Belated Return where Form 10IEA filed this year to
  2. GST Reconciliation Tool (2A vs Books) - looking fo
  3. TDS ON PF FORM 19 WITHDRAWAL
  4. Can a virtual office in Mumbai be used for company
  5. Eway and e invoicing in condition where 4 party ar
  6. Bank balance in ITR-3
  7. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  8. Tempsens Instruments IPO GMP Allotment Listing dat
  9. Upload Type - Correction. Not showing in TDS filli
  10. Partnership tax audit query

More recent discussions | Post

Related Topics :

Loading