About gst input taken
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 January 2017
SIR MY DOUBT ABOUT INPUT CREDIT TAKEN. SURESH IS IN KARNATAKA HE PURCHASE GOODS FROM MAHARASHTRA AND THE APPLICABLE TAX APPLICABLE IS IGST BUT HE SOLD THE GOODS IN KARNATAKA. MY DOUBT IS CAN HE TAKEN CREDIT OF IGST TO SGST AND CGST.
27 January 2017
Yes. Draft Law specifies the manner in which tax should be utilised. In current scenario, IGST shall first be utilised to set off IGST Tax payable, then CGST Payable and finally to SGST
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