11 October 2017
Query-
I have itc of sgst more than cgst, so can i set-off output igst first with sgst and then with cgst so that i can carry forward equal closing balance of cgst and sgst for next month
11 October 2017
Input of CGST can be set off only against CGST, SGST only against SGST and IGST against IGST, if there is excess input in IGST that can be set off against CGST first, then SGST, balance if any can be carried forward.
11 October 2017
CGST to SGST and SGST to CGST set off not available....
Set off ITC only for following way...
IGST set off to first IGST 2nd CGST next SGST...
CGST set off to first CGST next IGST...
SGST set off first SGST next IGST....
11 October 2017
i want to ask suppose output igst 200
itc sgst 500
itc cgst 300
so i want to adjust output igst from sgst i.e 500-200
so that i am left with 300 sgst and 300 cgst
CAclubindia
