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New updation and rule gst

Rohit (Student and Learner) (38 Points)

24 July 2019

As per new rule and updation in portral, Can we claim IGST Credit agaist sgst first instead of cgst? Or I have to do it agaist Cgst first?

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5 Replies

GOKUL K JADHAV (Master of Commerce & CA inter 1st group cleared.) (156 Points)
Replied 24 July 2019

no this adjustment cannot be done till now first you have to adjust my GST against cgst liability

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bhavisha (accountant) (103 Points)
Replied 24 July 2019

as you fill all the detail on gst portal , and go for make payment tab, it is automatically calculated IGST Credit against CGST first and then if IGST Credit remains it is setoff against SGST.

shailendra shukla (Bhopal) (1741 Points)
Replied 24 July 2019

yes you can manually do that.......

Rohit (Student and Learner) (38 Points)
Replied 26 July 2019

But when i changed it manually the tab turned red doesnt that indicate erroneous return?

bhavisha (accountant) (103 Points)
Replied 30 July 2019

if it shows red, you have to check again, if you fill return online it is automatically setoff against your credit with tax liablity.

suppose you have IGST credit rs. 40000, and your sgst and cgst tax liablity rs, 25000 each . first out of this 40000 setoff against cgst liability of rs. 25000 and balance will be setoff against sgst. and for remaining balance of sgst you have to create challan. and paid the liability. after made a payment make setoff. and go to file a return.

i think from above example. it is clear for you.