IGST, CGST , SGST
Neel Vakharia (1 Points)
03 June 2017
meaning with example and set-off provision??
1 Replies
Praveen Kachhawa
(Financial Accountant)
(225 Points)
Replied 04 June 2017
IGST - you have to pay igst on inter state purchase . As If u r in reg. dealer in rajasthan and puchases taxable goods from punjab.
CGST AND IGST - if u purchased goods from your own state (rajasthan ) you pay cgst and sgst.
IGST payments can be set off against in order as – IGST, CGST, SGST on inputs
CGST payments can be set off against in order as – IGST and CGST on inputs
SGST payments can be set off against as order – IGST and SGST on inputs
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