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utilisation of sgst and cgst input credit
What if there is no igst itc but only igst liability? Please tell the order to use sgst and cgst credit against igst liability as per new rule.
Replies (6)
you van adkusted with input credit
First i think it will be utilized against CGST and then SGST
First you have to adjust in same head then you can Cross Utilize with igst
CGst adjustment prior to sgst
After the amendment CGST and SGST credit can be utilised praportionately
plz refer Circular 98/17/2019 of CGST , Dt. ,23/4/2019
clarified with exemple therein circular
clarified with exemple therein circular
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