SGST Credit set off
This query is : Resolved
28 October 2022
Can SGST credit be set off against CGST liability ?
28 October 2022
Not permitted.... The SGST input tax credit cannot be used to pay the CGST liability but can be used to pay the liability under SGST.
Further, the balance of SGST credit available can be used to pay the IGST liability.
Further, the balance of SGST credit available can be used to pay the IGST liability.
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
- Cash sale limit for gst sales to unregistered party
- Registration deed & Assignment deed
- Non resident status & Taxation in India
- How to show in itr 3
- DOCUMENTS APPLICABLE & MENDATORY FOR GOODS MOVEMENT FROM UNIT-1 TO UNIT-II.
- GST QUERY RELATED TO REFUND APPLICATION
- E- invoice-2
- INTIMATIONU/S/ 143 (1) ERRO RETIFICATIO
- Professional Tax Refund
- PRE DEPOSIT
- Journal Entry on Foreign currency payment
- GST on MGNREGS
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- TDS Return filing if only have 15G /15H deductions and no other payments
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
