Gst related query
This query is : Open
21 September 2017
CGST Liability is Rs 100
Available ITC balance with SGST is Rs 200
Can we pay CGST liability by SGST ?
Available ITC balance with SGST is Rs 200
Can we pay CGST liability by SGST ?
21 September 2017
No. No inter-head setoff between CGST & SGST.
21 September 2017
A. The Input Tax Credit under of CGST shall be:
1) first utilized towards the payment of output CGST
2) then towards the payment of output IGST
3) CGST can’t be used to adjust SGST Liability.
B. The Input Tax Credit under of SGST shall be:
1) first utilized towards the payment of output SGST
2) then towards the payment of output IGST
3) SGST can’t be used to adjust CGST Liability.
C. The Input Tax Credit under of IGST shall be:
1) first utilized towards the payment of output IGST
2) then towards the payment of output CGST
3) then towards the payment of output SGST
1) first utilized towards the payment of output CGST
2) then towards the payment of output IGST
3) CGST can’t be used to adjust SGST Liability.
B. The Input Tax Credit under of SGST shall be:
1) first utilized towards the payment of output SGST
2) then towards the payment of output IGST
3) SGST can’t be used to adjust CGST Liability.
C. The Input Tax Credit under of IGST shall be:
1) first utilized towards the payment of output IGST
2) then towards the payment of output CGST
3) then towards the payment of output SGST
21 September 2017
I agree with Mr Sanjay. t
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