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GST Setoff Doubt

20 January 2020

IGST OUTPUT- NIL
CGST OUTPUT - 85,164
SGST OUTPUT -85,164

IGST INPUT - 13,237
CGST INPUT available- 1,18,929
SGST INPUT available - 79,962

portal shows ₹5202 to pay...is it right?

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9 Replies

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 20 January 2020

Yes... SGST payable Rs 5202 as per portal...

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CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 20 January 2020

Yes portal is showing correct. SGST payable will be 5202/- & credit carried forward in CGST will be 47002/-

1 Like

Vi Shnu M (174 Points)
Replied 20 January 2020

Thank you !! 👍 input igst must be utilised fully from cgst first right?

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 20 January 2020

Yes... You are exactly correct...

Try to adjust manually for the liability to ITC...😇

Sivaramaraju G (Learner) (2398 Points)
Replied 20 January 2020

There is no hard and fast rule to use IGST input to set off CGST output tax. You can utilise in any proportion to any GST but you should utilise IGST credit totally. If you use IGST first with SGST then you no need to pay anything.

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Vi Shnu M (174 Points)
Replied 20 January 2020

I adjusted IGST input proportionally..to CGST and SGST..so tax amount will be nil..i wana know.. whether i can do like that? moreover gst site is accepting it too...

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