Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

ITC SETOFF QUERRY

ITC / Input 214 views 5 replies

rajesh jha

64 Points Joined April 2018

Input: Cgst - 200, Sgst - 200

Output: Igst-300, Cgst-150, Sgst- 150

In this situation whether cgst input can be used first with with Cgst or Igst.

Replies (5)

Pankaj Rawat

GST Practitioner

55067 Points Joined June 2017

As per new rule CGST output shall set-off first from IGST , but portal is not working accordingly , it's setting off on old rule ie CGST output will set-off Against CGST input

Shivam RC

Student

23688 Points Joined November 2017

As per Section 49 of the CGST Act 2017, it is CGST.

But as per Section 49A of the CGST ( AMENDMENT ) Act 2018, it is IGST. But at present, the portal is not functioning as per new rule.

pritesh

CA Final student

7106 Points Joined April 2018

pankaj sir in above casee there is no igst input..then we can utilise cgst input first to Cgst and balance input to Igst liability .

same applicable for Sgst

Means, when IGST Carry forward then new rule is applicable to first setoff with cgst and sgst.

When igst lability then rule is same as old. Cgst first setoff with cgst if amount carry forward than setoff with igst otherwise paid in cash.

Please clarify....
Rajesh Jha
8651625663