Input tax credit set off
This query is : Resolved
19 March 2019
I have 10Lac Igst input and liability 5lac cgst and 5lac Sgst can I adjust under new rule starts from Feb 2018
19 March 2019
Yes , You can
In fact , You have to exhaust IGST first . So , Utilize CGST first & then SGST from available IGST . ( Sec 49A )
Amendment is from Feb 2019 ( not 2018)
In fact , You have to exhaust IGST first . So , Utilize CGST first & then SGST from available IGST . ( Sec 49A )
Amendment is from Feb 2019 ( not 2018)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- TDR receipts for agreement holder
- Confusion around Form 26QB fields
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
