sir we sell outside of state and purchase intra state so I have output IGST so can I adjust ITC of CGST and SGST
most of advocate says not adjust it ....
5 Replies
priyanka
(Accountant)
(32 Points)
Replied 19 September 2017
Yes you can adjust ITC of CSGT or SGST against payment of IGST. You can not adjust CGST against SGST & SGST against CGST
Faheem Akram
(802 Points)
Replied 19 September 2017
most of people say you can not adjust ITC of SGST or CGST against payment of IGST
I ITC of Rs 3300 of SGST and CGST and now I have to pay IGST of Rs.7000 so what will payment of gst
I ITC of Rs 3300 of SGST and CGST and now I have to pay IGST of Rs.7000 so what will payment of gst
SANDEEP JAIN
(Tax Consultant)
(487 Points)
Replied 19 September 2017
The order in which credit needs to be set off is explained in the table below:
Input Tax Credit
Set off against liability
CGST (Central GST)
CGST and IGST (in that order)
SGST (State GST)
SGST and IGST (in that order)
IGST (integrated GST)
IGST, CGST, SGST (in that order)
Input Tax Credit
Set off against liability
CGST (Central GST)
CGST and IGST (in that order)
SGST (State GST)
SGST and IGST (in that order)
IGST (integrated GST)
IGST, CGST, SGST (in that order)
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 September 2017
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