Can we adjust 18% GST input (IGST / CGST / SGST) with output GST 12% (IGST / CGST / SGST) ???
6 Replies
anshul tiwari
(Student CA IPC / IPCC)
(261 Points)
Replied 12 August 2017
Yes and u can also claim for refund
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 August 2017
Yes. You can adjust your ITC to the following way,
IGST = 1. IGST 2. CGST and 3. SGST
CGST = 1. CGST and 2. IGST (Not available adjustment CGST to SGST)
SGST = 1. SGST and 2. IGST (Not available adjustment SGST to CGST)
Also you get refund if you have any Input Tax...
Praveen Jain
(Accounts Manager)
(123 Points)
Replied 12 August 2017
In Vat resime we fill return first then pay tax .
In gst resime we have to follow the same procedure ??
or we have to pay tax before filling the return ??
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