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GSTR3B

25 October 2018

If I have inward supplies within state cgst and sgst but outward supplies outside state igst

Does I have to pay the igst in cash or it will be adjusted from cgst and sgst

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4 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 25 October 2018

CGST and SGST credit shall be first utilized for payment of CGST and SGST. Thereafter, the remaining credit shall be utilized to pay IGST liability.

The main restriction is that the CGST credit cannot be utilized for payment of SGST or UTGST and vice versa.

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Pawan Gupta (401 Points)
Replied 25 October 2018

If I have no outward supply within state and the ITC available is in cgst and sgst
Can it be utilised for igst

Suvendu (Accounts) (429 Points)
Replied 25 October 2018

yes , you can adjust your input with outward IGST.

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 25 October 2018

@ Pawan Gupta.,

Yes... You can utilize Your CGST & SGST ITC to Your outward IGST...

You will feed Your details in GSTR 3B return. It's automatically utilize Your Tax Liability...

Also You ll give Your values and Experts give suitable reply to You.