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How to adjust input credit?

04 November 2017

I have IGST payable of Rs.20k and Input credit in SGST- Rs.40k and CGST Rs.40k. How should I adjust IGST payable from input credit available in both of these?

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6 Replies

nirmala (accounts manager) (57 Points)
Replied 04 November 2017

you have to adjust IGST(20000) against CGST(20000)

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Harsh Maini (CA Harsh Maini) (50 Points)
Replied 04 November 2017

After submitting GST3 B at the time of Set Off you will get the option to adjust CGST input against IGST Liability. After CGST is utilized you can utilize SGST for balance IGST Liability.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 04 November 2017

Dear Ankush KUMAR & Hi guys.,
Sorry to say Differed....

You offset the IGST Liability to CGST only...

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 04 November 2017

Dear Ankush KUMAR & Hi guys.,
Sorry to say Differed....

You offset the IGST Liability to CGST only..

IGST 20k to adjust CGST 20k.
Balance CGST 20k and SGST 40k....

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