IGST OUTPUT = 2000
CGST INPUT = 1600
SGST INPUT = 1600
Gst payble ?
IGST payable 400/- (2000-1600) You can not adjust SGST 1600/- against IGST .
11 Replies
Vinod Babu
(24191 Points)
Replied 08 July 2018
IGST payable will be nil.
Sgst ITC balance will be 1200
Sgst ITC balance will be 1200
Mukesh Kumar Sharma
(Manager)
(122 Points)
Replied 08 July 2018
But prasad ji advised other way above..
I'm Confused
I'm Confused
Vinod Babu
(24191 Points)
Replied 08 July 2018
Cgst and sgst cannot be set offed against each other and vice versa.
Rest of them can be set offed.
Rest of them can be set offed.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 08 July 2018
IGST Output 2000/-
Adjust CGST 1600/-
Adjust SGST 400/-
Balance Remain in SGST 1200/-
Adjust CGST 1600/-
Adjust SGST 400/-
Balance Remain in SGST 1200/-
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 08 July 2018
So sorry . you can adjust SGST against IGST , Rawat & vinod babu are correct
Mukesh Kumar Sharma
(Manager)
(122 Points)
Replied 08 July 2018
It's Ok sir,
I was waiting for more reply 😊
I was waiting for more reply 😊
Vinod Babu
(24191 Points)
Replied 08 July 2018
Ok Prasad sir. No problem. Everbody shares and learns the new things.
Thank you...
Thank you...
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 08 July 2018
Even UTGST can adust against IGST
Vinod Babu
(24191 Points)
Replied 08 July 2018
Order of utilization of Input Tax Credit of UTGST would be the same like SGST. This means, Input Tax Credit of SGST or UTGST would first set-off against SGST or UTGST respectively. Output Tax liabilities and balance, if any, can be set-off against IGST Output Tax liabilities.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 08 July 2018
YES YOU CAN ,.. IGST OUTPUT FIRST WILL ADJUST WITH CGST & THEN AFTER FROM SGST
SGST & CGST CANNOT BE SETOFF AGAINST EACH OTHER,
KINDLY REFER CLAUSE 5(A) SECTION 49 CGST ACT
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