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Doubts regarding GST

MPR Sanjay Kumar (3101 Points)

24 October 2021

what is the current set off rules in GST please explain me that in interpretation..

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 24 October 2021

IGST should be first set off with IGST amount and then balance if available that should be set off against CGST/SGST amount.

CGST balance should be set off against CGST amount and if there is any balance then that should be set off with IGST balance.

SGST balance should be set off against SGST amount (same as CGST rules)

CGST and SGST cannot be set off against each other

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MPR Sanjay Kumar (3101 Points)
Replied 25 October 2021

Thank you so much sir

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