agar output igst-700, output cgst- 1400, output sgst-1400
input igst-2800 input cgst-210,input sgst-210.
iski itc set off kse hogi plz ek baar bta do.
1)meri query ye h ki rules k hisab se output igst-700 ko itc igst-2800 se minus krne pr credit input. bachega-2100 nd yha igst ki liability khtm ho gyi then nxt
2) output cgst-1400 ko setoff kia input cgst 210 se to to output cgst bacha 1190
3) ase hi isme bhi out sgst ko input sgst se kia 1400-210=1190.
mujhe yha ye nhi smjh aa ra ki isko portal pr kse apply krenge pls mujhe iska ans bta do kyoki m itc setoff krna seekh ra hu
and advance m thanks
You cannot adjust cgst or sgst credit unless all the credit of igst has already been set off and nothing is left in igst ledger.
in your example, as u said u have to set off 700 igst with igst credit itself and balance u will b left with 2100 credit. the balance 2100 shall fully be utilised to set off either for cgst or for sgst or for both in whatever may b the ratio u want and then only u can touch the cgst and sgst credits of 210 each.
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