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IGST set off

HARISH VANAYE (Accountant) (232 Points)

07 August 2017

How to credit IGST in gst returns

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upasana gupta (Finance Professional) (3931 Points)
Replied 08 August 2017

Under GST regime exports would be considered as zero-rated supply. Any person making zero rated supply (i.e. any exporter) shall be eligible to claim refund under either of the following options, namely: ––

(a) he may supply goods or services or both under bond or Letter of Undertaking, subject to such conditions, safeguards and procedure as may be prescribed, without payment of integrated tax and claim refund of unutilised input tax credit; or

(b) he may supply goods or services or both, subject to such conditions, safeguards and procedure as may be prescribed, on payment of integrated tax and claim refund of such tax paid on goods or services or both supplied, in accordance with the provisions of section 54 (Refunds) of the Central Goods and Services Tax Act or the rules made there under (i.e Refund Rules 2017).

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Jitesh (Com) (57 Points)
Replied 08 August 2017

Please tell where to set off igst. In gstr 3b. That is where to shows purchases made in which igst has been put by supplier

HARISH VANAYE (Accountant) (232 Points)
Replied 14 August 2017

Dear Sir, our ITC available CGST 1025206 SGCT 1025206 & IGST 271172 and my liability for CGST 1077167 SGST 1077167 and IGST 55469. So we have adjust my excess IGST credit against my SGST and CGST liabilities. Please guide for me.