16 August 2017
Dear experts, we have CGST & SGST input, but we have made outward IGST supply, pls let me know can we set off the outward IGST with input CGST & SGST or we have to paid tax for outward IGST
16 August 2017
Yes, you can adjust output IGST towards input of CGST and SGST. Be sure to follow the sequence of adjustment. As per sec 49(5):- IGST output liability can be set off agst input IGST, if balance remaining, set off agst Input CGST, if more balance exists, set off agst, input SGST
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