Input tax credit
This query is : Resolved
29 March 2018
we all know that IGST can be set off against ITC of SGST but my question is...
will IGST of one supply can be set off against of ITC of SGST of another supply ?
will IGST of one supply can be set off against of ITC of SGST of another supply ?
Guest
Guest
(Expert)
29 March 2018
SGST can be utilized to pay IGST but only after balance of IGST and CGST is used.Similarily ITC of IGST can be utilized to pay SGST only after balance of ITC of SGST is used.
Also refer this video to understand in detail
https://youtu.be/4qAqunJhw3A
Also refer this video to understand in detail
https://youtu.be/4qAqunJhw3A
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