GST set off rule in case of itc reversal

Ajnas (Student) (844 Points)

11 February 2021  
During the month of january, only itc IGST reversal liability Rs. 120000, in electronic credit ledger IGST input is nil but CGST and SGST input Rs. 700000 and Rs. 600000 we can utilise this input for paying igst input reversal liability? If possible what is order of utilisation  what is closing balance of cgst and sgst after utilisation?