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igst input

Tatavarty Prakasarao (132 Points)

30 March 2019

is the igst input can not avail frm feb 2019 is it correct
.

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 30 March 2019

No.... It's not wrong.

Where You read such provisions or news...?!

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Tatavarty Prakasarao (132 Points)
Replied 30 March 2019

one of the consultant saying frm feb 2019 its effected . i read one article.

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 30 March 2019

Can You give the article link...?!

If IGST input then why GST...? Then who can business into interstate transactions in GST...?

Some of fake news the above. Don't be consider the fake...

Tatavarty Prakasarao (132 Points)
Replied 30 March 2019

and to day i have filed gst 3b.i have igst credit 8500/ i paid cgst & sgst while off setting liability igst not offsetted i have paid said igst amount by cash.
then returned filled
while i saw in credits my cash balance is showing with this 8500
pl.chk & reply

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 30 March 2019

It's very simple...

Cash payments can't adjustable to any other heads...
Only adjustment to same head...

IGST "ITC" (which is from inward supplies) only adjustable to other heads like CGST & SGST...